Solar tariff in India touched a new low with Solairedirect’s winning bid of Rs.3.15 (~$0.0486)/kWh, which is 4.5 percent lower than Rs.3.30 (~$0.0494)/kWh (levelized over 25 years) quoted at the Rewa auction in February 2017. The 250 MW project was tendered NTPC at Kadapa Solar Park in Andhra Pradesh. The project completion timeframe is 13 months from the date of signing of power purchase agreement.