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September

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Tamil Nadu Solar Bidding Update

by Pradeep

The air finally seems to be clearing on the Tamil Nadu 1000 MW Solar Tender. After going through a roller coaster ride of being tagged as ‘Success’ and ‘Failure’ at various stages and having had huge delays, Tamil Nadu Solar bidding may result in a happy ending for all those involved. Last week, TANGEDCO held extensive meetings with all the 53 developers and tried to expedite matters. Chennai based RESOLVE reports that PPAs might be signed by the end of October. This might result in signing of PPAs for close to 700 MW of Solar Projects all of which might be up and running by the end of 2014. Tamil Nadu could thus be the state with second largest Solar capacity in the country ranking next only to Gujarat. The articles on Economic Times and Business Line in this regard can be accessed here and here respectively. Refer to our previous article on TN Solar Bidding here to know the activity thus far.

Keep checking our blog for more updates.

One thought on “Tamil Nadu Solar Bidding Update

  1. Ranbir

    TN offerred LOI to several bidders at 6.48 with 5% escalation every year. The question which is bothering developers are; TANGEDCO payments? Will LC’s help the cause?
    We have already crossed the end of OCT. When are the PPA’s going to be signed?

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