BEIJING (Reuters) - A Chinese consortium offered to accept a grid feed-in tariff of as low as 0.73 yuan ($0.108) per kilowatt hour (kWh) in its bid for one of China's second batch of utility-level solar power projects, an industry source said on Monday.
The price, if endorsed by the National Energy Administration which organized the tender, would be more than a third lower than the 1.15 yuan per kWh that the National Development and Reform Commission set in April for four utility-level photovoltaic power stations in Ningxia region.
"The low bid price for Hami might indicate they were optimistic about future development in the sector," said the source, who also participated in the bidding.
