Wind energy developers and equipment manufacturers who moved the Madras High Court to stop Tamil Nadu from holding its wind auction have had second thoughts and withdrawn their petition. The Indian Wind Energy Association had filed the petition after Tamil Nadu Generation & Distribution Co (Tangedco) invited bids for 500 MW at the end of May.
“The petitioner counsel states that he would withdraw the writ petition. The honourable court accepted the withdrawal and passed order accordingly,” SK Rameshuwar, the discom’s lawyer said in a letter to the chief engineer of Tangedco on September 12.
The developers had contested the holding of the auction when a price of Rs 4.16 per unit had already been set by the state regulator and was valid till April next year. IWEA chairman V Subramanian did not respond to queries about why the petition was withdrawn. Read More…
Latest posts by The Economic Times (see all)
- Essar To Set Up 4 Small & Medium LNG Terminals – September 24, 2017
- Oil’s Crude Oil Production Stood At 3.277 MMT In 2016-17 – September 23, 2017
- PM Narendra Modi To Launch ‘Power For All’ Scheme On September 25: Power Minister R K Singh – September 23, 2017