After long delays due to various reasons, Upper Tamakoshi
is now all set to float its local shares. According to its invitation letter,
the projected cost is estimated to be Rs. 66.08 billion. This makes per MW cost of
Rs. 14.49 crore. Although the per MW seems to be at the lower side compared to
recent market trend (above Rs. 20 crore), the project, however, will not able
to keep up its hype due to its lower PPA rate which is at Rs. 4.06 per kWh
(average) for the first year.
