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.
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.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.