TANGEDCO releases tenders for solar projects

Tamil Nadu Generation and Distribution Corporation Limited has released tenders for solar power projects in 2016-17. This is the first time the distribution company has floated tenders for solar projects, while the previous ones were scrapped by Tamil Nadu Electricity Regulatory Commission in 2014. Since then TANGEDCO has been signing MoUs at a fixed tariff of 7.01 per unit or 5.10.

Recently, the distribution com floated tenders with an upper limit of 5.10 per unit as the tariff. The tenders will be closed on 18^th November and all tenders will have to be filed online alone. Like other states, the solar tariff through tenders may come down to 4 or below in Tamil Nadu also.

The company is proposing to obtain 500 MW of solar power through reverse bidding in order to meet its Renewable Purchase Obligation (RPO) requirement. The Tamil Nadu Electricity Regulatory Commission (TNERC) has fixed the RPO targets at 2.5 per cent for 2016-17 and 5 per cent for 2017-18.

Source: ET