Tangedco to float solar and wind power tenders in the current FY: Report

Tangedco reportedly got approval from Tamil Nadu Electricity Regulation Commission (TNERC) to float solar and wind power tenders for the current financial year. According to TOI, TNERC has set the minimum tariff for solar at Rs 3 per unit and Rs 2.65 per unit for wind.

The tenders are expected to be floated sometime next month, winning companies of the bid will get a year to commission their projects. The tariff is one of the lowest in the country.

Speaking to the publication a senior TNERC official said “Tangedco presented its application in April but the Centre wanted to change some guidelines, which it did later. Tangedco wanted to present a new application with the latest guidelines and we have given fresh approvals now.”

TOI reports that the discom will be able to launch three separate consecutive tenders for solar power capacity of 500MW each that will be connected to the grid. Discom also got permission from regulator to float 1,500MW wind power tenders which will be splitted into three phases of 500MW. The minimum capacity per project has to be at least 25MW.

The base tariff for solar and wind power was set by the Solar Energy Corporation of India (SECI), based on which Tangedco has sought the TNREC nod to float the tenders.