The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has set the rates for empanelment to supply, install and commission 1 kW to 5 kW solar rooftop projects. The rates are the lowest rates (L1) quoted in NREDCAP’s empanelment tender and include costs for a five-year warranty on the project.
The NREDCAP has established Rs.80,000 (~$1,238.87) as project cost for a 1 kW project, Rs.1,43,000 (~$2,214.48) for a 2 kW project, Rs.2,19,150 (~$3393.73) for a 3 kW project, Rs.2,64,680 (~$4098.80) for a 4 kW project, and Rs.3,45,000 (~$5342.63) for a 5 kW project.
The rates are inclusive of GST and other applicable taxes. The NREDCAP has asked bidders interested in empanelment to send acceptance of the rates fixed and enter into agreements with NREDCAP by July 25, 2017.
Image Credit: “rooftop view of the solar array” (CC BY-SA 2.0) by h080
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.