Madhya Pradesh will get cheapest solar power in the country at the rate of Rs 5.05 per unit on fixed rate for 25 years, a senior Energy Department official said.
"MP Power Management Company has opened the tenders for supply of 300 MW solar power on long term basis recently and has got minimum rate of Rs 5.05 per unit in it," company's Managing Director, Sanjay Kumar Shukla, told PTI today.
"It is lowest rate for supply of solar power till date in the country. At present, the state is getting solar power at the rate of Rs 6.50 to Rs 7 per unit as quoted in previous tenders," he said.
For supply of 300 MW solar power on long term basis, 100 investors had submitted tenders for generation of 3744 MW solar power.
Shukla apprised that decks have been cleared for supply of 300 MW power at lowest rate in the country for 25 years in the state.
He said better atmosphere and transparent process will be made available to investors of solar power generation.
Madhya Pradesh is considered as the best for solar power generation.
The bid of Sky Power South East Asia Holding Ltd, Mauritius was found to be the lowest. Reliance Power, Adani Power, MK, Welspun, Sun Edison and two public sector companies Madhya Pradesh Power Generating Company and NHDC also participated in the bidding.
On the basis of the tender, the state will get 300 MW solar power on fixed rate for 25 years.
The supply will begin in next 12 to 18 months.
