According to reports, Andhra Pradesh Government has decided to permit any company to set up a solar photovoltaic unit in the State assuring them of Rs 6.49 paise per kWh.
Interested solar power developers have been told that they can submit applications within four weeks.
Chief Minister N. Kiran Kumar Reddy today approved the proposal of AP Transco to give opportunity to all solar power developers, even those who have not participated in the recently concluded competitive bidding for 1,000 MW. They were asked to submit their applications within four weeks.
They will be offered Rs 6.49 a unit as decided by Group of Ministers.
The decision comes in the backdrop of some solar power developers, who have not participated in the bidding process, evincing interest to supply solar power at this rate.
M. Sahoo, State Principal Secretary, Energy, while reviewing the progress of solar power projects bidding with AP Transco and New and Renewable Energy Development Corporation of Andhra Pradesh said the Government is committed to encourage setting up of non-renewable energy.
The latest decision of the Government is expected to help the State to tap the solar power attracting more developers.
Of the proposal to encourage 1,000 MW through the solar policy, 35 bidders, with a total capacity of about 418 MW, have accepted solar power purchase price of Rs 6.49 a unit.