The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has received technical bids aggregating 3,700 MW in response to a 1,500 MW solar tender issued in May 2017.

The price bids are expected to open on June 30, 2017.

This is great news for the TANGEDCO whose morale had suffered when consecutive tenders of 500 MW received tepid response.

A TANGEDCO official told Mercom, “that the maximum allowable project capacity of 500 MW for a single bidder and the recent record low prices at Bhadla have changed the dynamics of the sector. There is a race to develop projects and this proved beneficial for TANGEDCO.”

Mercom previously reported that TANGEDCO set the upper tariff limit at Rs.4 (~$0.062)/kWh for this tender and had fixed the maximum capacity for a single bidder at 500 MW.