Solar power price fixed at Rs 6.49

Hyderabad, April 23 : The state government has fixed price of solar power purchase price at Rs 6.49 per unit.

The cabinet sub-committee which met here has taken the decision to buy solar power at Rs 6.49 per unit.

A decision on the surplus power generation at house tops will be taken later, Finance Minister Anam Ramnarayan Reddy said. Solar power tenders were called for and 330 companies participated in it, he said adding that the least bidder will be awarded the contract. The process will take about 30 days, he said. INN