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Solar Power: Cost of production dropped 60 Percent; Price to equal Thermal Power's in three years

Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at INR 6.5 a unit, it was a figure to note even by the industry's standards of smashing records by the season. This contract award shaved off 13 per cent from the lowest price at which Indian industry was willing to supply solar power; over three years, the drop is a steep 61 per cent.

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