Battling waning interest among developers in Tamil Nadu, the Tamil Nadu Energy Development Agency (TEDA) has bid for a 50 MW solar power capacity in a 500 MW tender. The move has been made to promote solar power as recent tenders are not receiving the desired response, stated Mercom Capital Group quoting a TEDA official.
Tamil Nadu Generation and Distribution Corporation (TANGEDCO) had launched a 500 MW tender in January 2017 to fulfill its renewable purchase obligation (RPO) targets (see Another 500 MW Solar Tender In Tamil Nadu).
TANGEDCO had fixed a tariff of 4.50 INR ($0.066) per kWh as the upper limit in the reverse bidding. However, the agency received tariffs amounting to 4.40 INR ($0.0657) per kWh (see Lowest TANGEDCO Tender Bid At 4.40 INR/kWh).
TEDA quoted a tariff of 4.44 INR ($0.067) per kWh, but then TANGEDCO asked the agency to bring it down to 4.40 INR ($0.065) per kWh, according to Mercom.
TANGEDCO had previously launched a 500 MW tender in November 2016, but received a tepid response (see Tamil Nadu Tender Receives Unenthusiastic Response). In Janaury 2017, it then again came out with another 500 MW capacity. The auction will go ahead, even though it may be delayed.
Recently, TEDA too floated a tender for 500 MW capacity ultra mega solar park in Tamil Nadu (see TEDA Invites Bids For 500 MW In Tamil Nadu).
Despite the recent troubles with tenders in Tamil Nadu, it needs to be taking into consideration that the state is an India leader when it comes to solar power deployment (see India's Large Scale Solar Power Crosses 9 GW).