Supervising authority has given the Indian state’s distribution company the green light to conduct three 500 MW solar tenders. The move marks the first procurement exercise held by the state utility in almost 12 months.
After its 1.5 GW tender stirred unprecedented interest among developers attracting technical bids of 3.7 GW, the Tamil Nadu utility is now set to sign PPAs at the rate of INR 3.47 (~$0.054)/kWh for a period of 25 years.
As expected, TANGEDCO’s new tender has attracted unprecedented attention, despite the utility’s previous unpopularity among developers.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.