Wind power tariff to go down

New Delhi, February 23 

After a sharp drop in solar tariff to Rs 2.97 per unit, the wind power rates may also touch a new low and fall below the Rs 4 per unit mark in an ongoing auction for 1,000 MW capacity.

The tariff-based competitive bidding is being conducted by the state-owned Solar Energy Corporation of India (SECI) for wind power capacity totalling 1,000 MW for supply of power to non-windy states.

"Some of the players have quoted tariff of around Rs 4 per unit. The auction is going on and may conclude later. The wind tariff in this round of bidding is likely to fall to all-time low. It could be below Rs 4 per unit," a source said. — PTI