The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has tendered 500 MW of grid-connected solar photovoltaic (PV) projects. The bid-submission deadline is December 27, 2018.
TANGEDCO has fixed ₹3 (~$0.04257)/kWh as the upper tariff ceiling for this tender. A single bidder must bid for minimum capacity of 5 MW and up to a maximum capacity of 50 MW at a single location. A single bidder can bid for the entire capacity (500 MW).
TANGEDCO will enter 25-year power purchase agreements (PPAs) with the successful bidders. The scope of work includes the establishment, maintenance, and operation of solar power projects and supplying the generated solar power to TANGEDCO under long-term PPA at the tariff finalized through reverse bidding.
TANGEDCO issued the tender after getting Tamil Nadu Electricity Regulatory Commission (TNERC)’s approval. Read More