August 17, 2010 / 12:43 PM / 10 years ago

China state firms dominate solar power tender: paper

BEIJING (Reuters) - State-owned companies eclipsed private rivals by offering the lowest grid feed-in tariffs for all of China’s second batch of utility-level solar power projects open for tender, Chinese media reported on Tuesday.

Offers ranged from 0.7288 yuan per kilowatt hour (kWh) to 1.09 yuan/kWh, with the lowest offers for all 13 projects below 0.8 yuan/kWh, the 21th Century Business Herald reported.

The lowest offer price was consistent with an earlier Reuters report.

Subsidiaries of China Power Investment Corp stood out by proposing the lowest tariffs for seven projects, while China Huaneng Group and China Guodian Corp offered the lowest rates for two projects, the newspaper said.

The companies are among China’s five major state-owned power generating groups.

It is uncertain whether the government will award the projects to the lowest bidders. In the country’s first open tender last year, the lowest offer was turned down because many in the industry deemed the offer unrealistic.

The government would announce the bidding results this week, the report said.

Reporting by Jim Bai and Aizhu Chen; Editing by Chris Lewis

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