In an auction of 250 MW capacity of the second phase in Bhadla solar park, South Africa's Phelan Energy Group and Avaada Power were awarded 50 MW and 100 MW of capacity respectively in May 2017 at per kilowatt hour. The tariff is also lower than NTPC's average coal power tariff of 3.20 per kilowatt hour. SBG Cleantech, a consortium of SoftBank Group, Airtel and Foxconn, was awarded the remaining 100 MW capacity at a rate of per kWh. Few days later in a second auction for another 500 MW at the same park, solar tariff has further fallen to per kilowatt hour which are the lowest tariffs for any solar power project in India. These tariffs are lower than traded prices for day time in non-monsoon period in IEX and also for meeting peak loads on a daily basis by using cheaper solar PV power in pumped-storage hydroelectricity stations indicating there is no need of any power purchase agreements and any incentives for the solar PV power plants in India. Solar PV power plant developers are forecasting that solar power tariff would drop to /unit in near future.