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Cancelling 3 GW SECI Solar Auction Could Backfire Due to Safeguard Duty

The capacity was auctioned in July 2018

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The Solar Energy Corporation of India (SECI)’s 3 GW Interstate Transmission System (ISTS)-connected solar auction stands a chance of being cancelled according to government sources and developers. In the auction, ACME emerged as the lowest (L1) bidder by quoting a tariff of ₹2.44 (~$0.0355)/kWh to develop 600 MW.

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