TANGEDCO Launches 500 MW PV Tender

Tamil Nadu’s TANGEDCO To Procure Solar Power From 500 MW PV Capacity Being Established Within State; Tariff Capped At INR 3.00 ($0.042)/kWh
07:24 AM (Beijing Time) - 29. November 2018

Key Takeaways

  • TANGEDCO has launched a hunt to procure 500 MW worth of solar power from solar power plants being established within the state
  • As per the RFS documents issued by the agency, minimum 5 MW and maximum 50 MW capacity should be set up at a single location
  • Final tariff will be determined under reverse auction, but the ceiling tariff is INR 3.00 ($0.042) per kWh
  • Developers have time till December 27, 2018 to submit techno-commercial and price bids

The Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) has issued a request for submission (RFS) of documents to procure solar power from 500 MW PV capacity from developers establishing solar power plants in Tamil Nadu, India.

TANGEDCO issued the tender after getting a go ahead from Tamil Nadu Electricity Regulatory Commission (TNERC) to launch tenders for 1.5 GW of solar and 1.5 GW of wind power in separate 500 MW phases (see 3 GW Solar & Wind Tenders Soon In Tamil Nadu).

Projects approved under this RFS need to range from 5 MW to 50 MW at a single location, with tariff to be determined after a reverse auction. The tariff limit is capped at INR 3.00 ($0.042) per kWh. TANGEDCO will enter into a long-term 25 year power purchase agreement (PPA) with successful developers.

Successful bidders will be expected to establish, operate and maintain the plant. They will need to commission their projects within 13 months from the date of execution of the PPA.

Last date to submit both techno-commercial and price bids is December 27, 2018. The detailed announcement about the tender is available on the website of the State Government of Tamil Nadu.

In May 2018, another state agency Tamil Nadu Energy Development Agency issued an expression of interest gauging interest among developers for a 500 MW solar park in the state (see Tamil Nadu Issues EoI For 500 MW PV Park).

 

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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