August 14, 2015

World's cheapest solar power in Madhya Pradesh at Rs 5 per unit

"Madhya Pradesh is set to be home to the cheapest solar power not only in India but the entire world, finally offering a cost-effective alternative to the environmentally-harmful thermal power.

Companies that have bid for projects floated by the Madhya Pradesh Power Management Company are ready to sell solar energy to the state for as less as Rs 5 per unit for a period of over 20 years. According to energy experts, the offer is lower than the global average price of Rs 6.10 per unit and even beats the cost at which the Delhi government buys from thermal power companies."

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Themes: Environment, Energy and Renewable Energy