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Bundling of Power: To Increase Competitiveness of Solar Power in Wholesale Market Ensuring Lower Prices

News:

Prime Minister Narendra Modi’s government has ordered some of India’s oldest coal-fired power plants to help make solar farms more competitive by bundling together electricity from both technologies for sale to the grid.

Source:- live mint

SNP Insight:

Bundling of solar power with conventional power will help to evacuate bulk of solar power in a single go, at cheaper rates as compared to the price of solar if procured independently. Further this programme will pursuade the financially crunced distribution utilities to buy solar power giving thrust to govt's dream of achieving 100GW of solar capacity by 2020.

Source:- SNP Infra Research