In a move that could enhance the financial viability of Tamil Nadu Generation and Distribution Corporation (TANGEDCO), the Tamil Nadu Electricity Regulatory Commission (TNERC) has accepted the request for modifications in TANGEDCO’s RfS and PPA documents, by adding clauses related to payment security, change in law, and relaxation from compliance of FDI laws by foreign bidders.
The request was granted in view of TANGEDCO’s 25 year-PPA that it will be entering into with solar and wind power generators for the tenders of 1,500 MW each of wind and solar. TNERC was responding to a petition filed by TANGEDCO for granting approval to certain deviations in guidelines issued by the Ministry of Power (MoP) and the Government of India (GoI).
In its petition, TANGEDCO argued that the competitive bidding guidelines of the government specify that in case there is any deviation from these guidelines Read More
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