March 12 (Renewables Now) - Indian discom Tamil Nadu Generation and Distribution Corp (TANGEDCO) is seeking regulatory approval to conduct wind and solar tenders totalling 3 GW, consultancy Mercom Capital reports.
The utility’s plan is to issue a competitive selection for the construction of 1.5 GW of solar plants and 1.5 GW of wind farms across the state. In its proposal to the Tamil Nadu Electricity Regulatory Commission (TNERC), the power distribution firm has requested clearance for a 1.5-GW wind tender capped at INR 2.65 (USD 0.041/EUR 0.033) per kWh and an additional solar tender with a ceiling tariff of INR 3 per kWh. A reverse bidding process is planned to be used in both auctions.
TNERC is expected to make a decision on March 13, according to the report.
Last autumn, TANGEDCO signed off-take contracts with 16 developers for 1,500 MW of solar projects in Tamil Nadu at INR 3.47 per kWh. The company also has in-principle approval by the Indian government for the development of a 500-MW solar park in Ramanathapuram district.
(INR 10 = USD 0.1539/EUR 0.125)