According to reports, in a few years, solar power will be significantly cheaper and cost Rs. 5 per unit — a sum that is on a par with the cost of thermal power — anticipates B. Bhargava, Director of Ministry of New and Renewable Energy (MNRE).
Mr. Bhargava was speaking on Monday at the inauguration of the National Training Centre for Solar Technology (South) and the opening ceremony of a five-day training programme on ‘Solar PV grid connected power plants’ organised by the Karnataka Power Corporation Ltd. in association with the MNRE.
With improved technology, the cost of setting up a one-MW power plant would come down from Rs. 20 crore to Rs. 10 crore in five years, while the per unit coast would drop from Rs. 20 to Rs. 10 .
“By 2017, solar power will reach tariff parity with conventional thermal power, at around Rs. 5 per unit,” he said.