Vikram Solar boss Gyanesh Chaudhary said bidding in tenders that has seen projects awarded for around 4.63 rupees/kWh ($0.069/kWh) is unlikely to persist at those levels.
The rock-bottom prices bid-in by troubled US group SunEdison and others has led to fears over the viability of the projects and their ability to attract finance.
“There are definite concerns as far as bids that have been as low as they have.
