India’s Ultra-Mega Solar Plant to Sell Record-Low Power
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India plans to sell power at a record-low rate from a 4-gigawatt solar photovoltaic farm that will more than double the nation’s sun-powered capacity.
Six state-owned companies, including Bharat Heavy Electricals Ltd. and Power Grid Corp. of India Ltd., will form a joint venture to build the first gigawatt by the end of 2016 and sell their output at a maximum 5,500 rupees ($89) per megawatt-hour, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said in an interview.