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Tangedco to float tender for 250 MW floating solar projects

Tangedco is reportedly planning to float tender for floating solar projects in the state on three dam reservoirs.

Praveen Kumar, additional secretary in the Union ministry of natural and renewable energy speaking to TOI said “We have received proposals from Tangedco to set up 100MW capacity in Mettur dam, 100MW in Bhavanisagar dam and 50MW in Vaigai dam. All the three proposals are still at scrutiny stage for feasibility.”

In the future all tenders for renewable power beyond 100MW capacity will include storage too says the report.

Kumar added “Storage costs are coming down and since renewable power is infirm it will help the discom as well as individuals to store solar or wind power for later use.”

“There are several opportunities for wind power companies to invest in the state as India wants all the renewable power equipment to be manufactured within the country. As of now we are importing not less than 85% of the equipment, mostly from China or other south east Asian countries,” he said.

Currently there is one floating solar power project with a capacity of 50MW at Rihand dam in Uttar Pradesh.

Kumar assuring the interested companies said  their investment would be protected once they signed PPAs with the discoms.

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