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.
NLC India (NLCIL) plans to install 500 MW of solar in the Indian state of Tamil Nadu.
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 (~$0.054)/kWh for a period of 25 years.
As expected, TANGEDCO’s new tender has attracted unprecedented attention, despite the utility’s previous unpopularity among developers.
A total of 1.5 GW of solar in the Indian state of Tamil Nadu is due to be tendered with the upper tariff limit set at INR 4 ($ 0.062)/kWh.
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