Wind power project auctions likely every month, but with a tab on prices

Bids to be monitored to keep prices at affordable level

The ministry of new and renewable energy plans to auction wind power projects every month.

It will monitor the bid prices to keep these at affordable levels, said Piyush Goyal, Minister of State for Power, Coal, New and Renewable Energy.

He was speaking at the signing of agreements for the first set of wind energy projects that were auctioned in February.

"The ministry should calibrate the pace of auction, keeping in mind the affordability of renewable energy for the common man. Industry players which are inefficient would either evolve and face competition in the sector or finally wind up. I welcome the churning