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<p>In the 1,500 MW Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tender, Raasi Green Earth Energy won the bid to develop 100 MW of solar by quoting Rs.3.47 (~$0.05364)/unit. This is the lowest solar tariff ever quoted in the state of Tamil Nadu.</p>
<p>“The tariffs quoted ranged between a high of Rs.4 (~$0.06184)/unit and a low of Rs.3.47 (~$0.05364)/unit. Sai Jyothi Infrastructure Ventures Private Limited quoted Rs.3.60 (~$0.05565)/unit to develop 54 MW;Solitaire BTN Solar Private Limited quoted Rs.3.69 (~$0.05705)/unit to develop 150 MW; and Narbheram Vishram and NVR Energy Private Limited quoted Rs.3.85 (~$0.05952)/unit to develop 100 MW each,” stated a TANGEDCO official.</p>
<p>The TANGEDCO official further stated, “Rays Power Infra quoted Rs.3.85 (~$0.05952)/unit to develop 200 MW; Dynamite Solar Private Limited quoted Rs.3.87 (~$0.05983)/unit for 5 MW; ReNew Solar Energy Rajasthan Limited quoted Rs.3.89 (~$0.06014)/unit to develop 100 MW; and Clean Solar Power Ludhiana Private Limited quoted Rs.3.90 (~$0.06029)/unit for 104 MW.”</p>
<p>The TANGEDCO official added that a lot of small players participated in the tender. Sri Green and Clean Power quoted Rs.3.90 (~$0.06029)/unit for 6 MW; Sunlight quoted Rs.3.90 (~$0.06029)/unit for 1 MW; Talettutayi Solar quoted Rs.3.90 (~$0.06029)/unit for 50 MW; and Dev International quoted Rs.3.95 (~0.06107)/unit to develop 1 MW.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/07/TANGEDCO.jpg"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-6362" src="https://mercomindia.com/wp-content/uploads/2017/07/TANGEDCO.jpg" alt="" width="548" height="629" srcset="https://cms.mercomindia.com/wp-content/uploads/2017/07/TANGEDCO.jpg 548w, https://cms.mercomindia.com/wp-content/uploads/2017/07/TANGEDCO-261x300.jpg 261w" sizes="(max-width: 548px) 100vw, 548px" /></a></p>
<p>Three developers quoted a tariff of Rs.3.96 (~$0.06122)/unit to develop 10 MW each and Shapoorji Pallonji also quoted Rs.3.96 (~$0.06122)/unit to develop 50 MW. NLC India, which had bid for the entire capacity tendered, quoted Rs.3.97 (~$0.06137)/unit.</p>
<p>The TANGEDCO official said, “We are happy with the tariffs quoted, we knew due to GST rate implementation we would not get a Bhadla tariff rate of Rs.2.44 (~$0.03772)/unit. Even Rs.3.47 (~$0.05364)/unit is revolutionary for Tamil Nadu.”</p>
<p>VSR Solar Power and GRT Jewellers India were other bidders who bid below Rs.4 (~$0.06184)/unit; they bid Rs.3.98 (~$0.06153)/unit and Rs.3.99 (~$0.06168)/unit, respectively.</p>
<p>Mercom <a href="https://mercomindia.com/breaking-tangedco-receives-technical-bids-aggregating-3700-mw-response-1500-mw-solar-tender/" target="_blank" rel="noopener noreferrer">previously reported</a> that TANGEDCO received technical bids aggregating 3,700 MW in response to the 1,500 MW solar tender issued in May 2017.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/raj/" class="vcard author" rel="author"><span class="fn">Raj Prabhu</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Raj-New-200X200-1.jpg" width="50" /></p>
<p><strong style="text-decoration: underline">Raj Prabhu,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/raj/" target="_blank" rel="noopener">More articles from Raj Prabhu.</a></p>
</div>
<div class="authorboxn">
<img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/Raj-New-200X200-1.jpg" alt="Raj" /><a href="https://mercomindia.com/author/raj/" target="_blank" rel="noopener"><strong style="color: #00b451">Raj Prabhu</strong></a> is a recognized thought leader in clean energy markets where his work has influenced policies worldwide. He has a deep understanding of regulatory policy and clean energy markets and his market and opinion pieces are regularly published on both MercomIndia.com and other leading publications globally. Raj is also a regular speaker and presenter on clean energy policy and finance topics at conferences worldwide. Raj attended the KLE College of Science in Bangalore, India for physics and chemistry, and holds a Bachelor of Science Degree in Hotel and Institutional Management from Johnson and Wales University, Rhode Island. <a href="https://mercomindia.com/author/raj/">More articles from Raj Prabhu.</a></div>
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Breaking News: New Tariff Low in TANGEDCO; Rs.3.47 (~$0.05364) per Unit Quoted in 1,500 MW Solar Tender

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