Prolonged payment delays to solar and wind developers seem to have tarnished the reputation of Tamil Nadu Generation and Distribution Corporation (TANGEDCO) in the industry. In a significant development, the state DISCOM has had to hand over its solar and wind tenders to the Solar Energy Corporation of India (SECI).
In a recent article, Mercom reported that in Tamil Nadu, TANGEDCO had delayed payments for more than a year to renewable developers. Moreover, the distribution company (DISCOM) also has been known for curtailing power from solar and wind projects.
These practices have affected the DISCOM’s reputation gravely, and it is finding it very difficult to find takers for its wind and solar tenders. When contacted to comment on this, a TANGEDCO official confirmed the development saying Read More
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