Indian utility NTPC's recent auction of 2 GW of solar capacity resulted in tariffs of between INR2.59 ($0.037) and INR2.60 per unit, below the INR2.71-2.72 achieved at an auction in May. Industry insiders said bidders had not included the 25% safeguard levy, imposed from 31 July, on solar panel imports by the Directorate General of Trade Remedies. The government has also been trying to get a deal with Reliance Jio Infocomm Ltd for spectrum that would allow it to offer free data services over its network.
Indian utility NTPC's recent auction of 2 GW of solar capacity resulted in tariffs of between INR2.59 ($0.037) and INR2.60 per unit, below the INR2.71-2.72 achieved at an auction in May. Industry insiders said bidders had not included the 25% safeguard levy, imposed from 31 July, on solar panel imports by the Directorate General of Trade Remedies. Acme Solar Holdings, Shapoorji Pallonji Infrastructure and Azure Power all offered the INR2.59 bid, securing 600 MW, 500 MW and 300 MW of capacity respectively.