Solar power rates to drop 20% by 2013
The first phase of the National Solar Mission, that ends in 2013, would bring down solar power tariff by around a fifth to Rs 4.50 per unit. At present, the average cost of solar power in India is over Rs 15.30 per unit according to the norms fixed by the electricity regulator CERC. According to the ministry, the 20 per cent drop in cost at which solar power would be sold henceforth to distribution companies has been made possible because of huge discounts quoted by developers who have put their…
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