A 500 MW solar tender has been floated by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO). A request for selection (RFS) has been issued for auction and allocation of 500 MW of solar capacity.
Prospective bidders/project developers can submit their bids by February 10th, 2017. There was a tender for the same capacity which TANGEDCO had floated in October 2016 but the state state utility failed to attract enough bids. Bidders can submit a maximum tariff bid of Rs 4.5 per unit as against Rs 5.10 threshold limit set by the state utility In its October tender that had evinced bids from 117 prospective companies.
If this tender process emerges successful, it will set a new record on tariff front. The tariff submitted by bidders in the Rajasthan tariff bid was Rs 4.34 a u it. With a fall in interest rates, it is expected that tariffs to be discovered through this bidding will be further lower.
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