Scrap Dollar based bidding for solar projects

Mudit Jain | 18 February 2016

The Ministry of New and Renewable Energy (MNRE) has been keen to introduce Dollar denominated bidding for solar projects. The rationale is to eliminate currency risk for international developers and manage this on aggregate basis thereby reducing the solar tariffs. When the concept was first mooted in the second quarter of 2015, the solar tariffs in India were in the range of INR 6.00 – 6.50/kWh and the objective was

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