Modi Embraces the Dollar to Spur India’s Solar Power Boom
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India will soon invite bids for its first dollar-linked solar power contracts, seeking to cut costs and woo investment as Prime Minister Narendra Modi targets an unprecedented expansion in clean energy.
State-owned NTPC Ltd., India’s largest power generator, will award the tenders for 500 megawatts to 1,000 megawatts of electricity in July, Tarun Kapoor, a joint secretary in India’s Renewable Energy Ministry, said in an interview in New Delhi.