26 bidders submitted a total capacity of 3.3GW.
According to the Karnataka Electricity Regulatory Commission (KERC) (India), the 860 MW solar PV auction launched in December 2017 with the deadline set for January 2018 has been oversubscribed four times and a total of 26 bidders submitted a cumulative capacity of 3,320 MW. The state authorities have thus decided to set up a sharp cut in the base bidding tariff. The maximum bid tariff bid that can be submitted in the tender has been reduced by 18% from the previous INR4.36/kWh (US$6.9c/kWh) to INR3.57/kWh (US$5.6c/kWh).
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