The Ministry of New and Renewable Power (MNRE) has hailed the invention of a aggressive ₹5.25 per unit tariff in SECI’s newest round the clock (RTC) renewable vitality public sale as proof of the sector’s rising maturity and price competitiveness.
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PIROSCHKA VAN DE WOUW
Highlighting the invention of a ₹5.25 per unit tariff for RTC renewable vitality, Santosh Sarangi, Secretary for the Ministry of New & Renewable Power (MNRE), on Friday, emphasised that the tariff demonstrates the rising competitiveness of the home renewable vitality sector.
The newest round the clock (RTC) RE bid has found a aggressive tariff of ₹5.25 a unit. The state-run renewable vitality implementing company (REIA), Photo voltaic Power Company of India (SECI), carried out the bidding.
“We anticipated the worth to be very excessive, however due to the aggressive spirit amongst our builders, we found a charge of ₹5.25 per unit for RE RTC,” Sarangi mentioned.
Addressing CII’s Worldwide Power Convention and Exhibition (IECE), he famous that the most recent RTC RE bid offers for 90 per cent assured energy availability in every time block, with photo voltaic accounting for less than 50 per cent of provide in the course of the daytime.
The tariff demonstrates the rising competitiveness of renewable vitality and builders’ potential to combine photo voltaic, wind, and storage applied sciences to offer dependable energy, he added.
India on observe for 500 GW non-fossil capability goal
The MNRE Secretary famous that India has crossed 300 gigawatts (GW) of renewable vitality installations and is on target to realize the Prime Minister’s goal of 500 GW of non-fossil gas capability by 2030.
He attributed this progress to a few key pillars coverage—certainty, home manufacturing and market-creation initiatives.
Highlighting India’s rising renewable vitality manufacturing ecosystem, Sarangi identified that India has greater than 213 GW of photo voltaic module manufacturing capability and over 32 GW of photo voltaic cell manufacturing capability, whereas round 85 per cent of wind vitality manufacturing is indigenised.
He highlighted the fast growth of decentralised renewable vitality, noting that PM Surya Ghar has crossed 50 lakh households and is progressing in the direction of its goal of 1 crore rooftop photo voltaic installations.
Regional grid integration wants coverage alignment
On cross-border vitality cooperation, he burdened that regional vitality integration requires each bodily infrastructure and suitable regulatory programs.
“Once we discuss of cross-border vitality commerce, we’re not speaking merely of the {hardware} of placing wires, placing transformers, substations, or undersea cables; it’s equally essential to speak of the software program referring to cross-border vitality transmission,” Sarangi added.
He additionally highlighted the potential of the One Solar, One World, One Grid imaginative and prescient to allow nations throughout totally different time zones to enhance each other by sharing renewable vitality.
Sri Lanka pitches built-in South Asian energy market
Anura Karunathilake, SriLanka’s Minister of Power, highlighted his nation’s rising renewable vitality potential and mentioned its Electrical energy Act offers for the facilitation and promotion of a nationwide electrical energy market, with cross-border electrical energy buying and selling turning into a practical chance because the market matures.
Referring to the proposed India-Sri Lanka grid interconnection, he mentioned, “The way forward for vitality in our area mustn’t merely be about creating electrical energy. It ought to be about making a resilient, interconnected, and aggressive regional electrical energy market that accelerates the clear vitality transition, strengthens vitality safety, and promotes sustainable financial development for all our nations.”
Karunathilake additionally known as for a regional method past bilateral interconnections, noting that connecting photo voltaic and wind assets throughout nations with Bhutan’s hydropower may enhance system reliability, scale back the necessity for expensive nationwide reserves and ship extra reasonably priced electrical energy.
He emphasised that considerate planning, sound rules, mutual belief, and harmonised regulatory frameworks can be important to constructing an built-in South Asian vitality market. He was talking at a session on ‘Past Borders: The Way forward for Shared Power Methods’ on the CII occasion.
Bhutan highlights want for frequent requirements and good grids
Karma P. Dorji, Director Common of the Division of Power, Ministry of Power and Pure Sources of Bhutan, mentioned that South Asia’s various and complementary renewable assets, together with hydropower within the Himalayas, photo voltaic throughout plains and deserts, and wind alongside the coasts, present a powerful foundation for regional integration.
“Power isn’t just a commodity; it’s a basis of growth, resilience, and human progress,” he mentioned, whereas stressing that interconnected programs would require frequent requirements, stronger cybersecurity, real-time coordination and clever applied sciences akin to synthetic intelligence to enhance grid stability and renewable integration.
Revealed on August 7, 2026
