New Delhi, May 21 -- After shocking the world by quoting record low solar tariff of Rs 2.44 kWh in its bid for a SECI power project in Rajasthan, the winning bidder, ACME Solar, has now decided to cancel the project on account of disruptions caused by coronavirus pandemic and other operational issues.
ACME had won bid for 600 MW solar power project in Rajasthan in 2018, quoting a historically low tariff of Rs 2.44 kWh and setting the stage for a drop in electricity charges from renewable projects in India. The tariff quoted by ACME was considered too low by even experts who felt that project at this level of charges may be unviable.
But, now the company is pleading to get out from the project, citing delays in land acquisition, transmissi...