TANGEDCO

TANGEDCO to float tenders for solar, wind power projects

The Tamil Nadu Electricity Regulation Commission (TNERC) has given nod to TANGEDCO to float tenders for solar and wind power projects.

According to a TOI report, TNERC has set the minimum tariff for solar at Rs 3 per unit and Rs 2.65 per unit for wind. The tenders are likely to be floated in December and the companies taking part in the bid will be given a year to commission their projects. The tariff is one of the lowest in the country.

Meanwhile, according toa Mercom India report, TNERC has accepted the request for modifications in TANGEDCO’s RfS and PPA documents, by adding clauses related to payment security, change in law, and relaxation from compliance of FDI laws by foreign bidders.

The request was granted in view of TANGEDCO 25 year-PPA that it will be entering into with solar and wind power generators for the tenders of 1,500 MW each of wind and solar.

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