Tata Power stays away from solar power project

Recently there was a tender by the Central Government through NVVN (NTPC Vidyut Vyapar Nigam) on setting up solar power projects (each 5 MW).  The final nod was given to 30 companies (totalling 150 MW) under Phase1 to set up the projects.  The offer was given to bidders who gave the highest discounts to the set base price of Rs 17.91 per unit.

Tata Power stays away and its reasons are given in this Bloomberg article