The Tamil Nadu Generation and Distribution Corporation (Tangedco) has handed over the task of procuring wind and solar energy to the Centre’s Solar Energy Corporation of India (SECI) to attract better prices.
The move comes after the State power utility’s tender for procuring 500 MW each of grid-connected solar power and wind power projects did not get any response.
The solar tender had a maximum ceiling of ₹3 a unit and the wind tender had a maximum ceiling of ₹2.65 a unit. The procurement was planned through the reverse auction method, where the lowest bid is selected as the winner.
According to renewable energy consultancy firm Mercom, the tenders were cancelled after a lack of response from the developers. Read More
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