The Tamil Nadu Electricity Regulation Commission (TNERC) has given its approval to Tangedco to float solar and wind power tenders for the current financial year. TNERC has set the minimum tariff for solar at Rs 3 per unit and Rs 2.65 per unit for wind.
The tenders are likely to be floated in December and the companies taking part in the bid will be given a year to commission their projects. The tariff is one of the lowest in the country.
“Tangedco presented its application in April but the Centre wanted to change some guidelines, which it did later. Tangedco wanted to present a new application with the latest guidelines and we have given fresh approvals now,” said a senior TNERC official. Read More