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Publish Date : 03-Jan-2017

The Tamil Nadu Electricity Regulatory Commission (TNERC) has granted approval the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to float another tender for the procurement of 500 MW of solar energy through competitive bidding.

This has been announced after the tepid response to TANGEDCO's previous tender, which attracted 20 bidders to set up solar power plants in the State for a combined capacity of 122 MW. The tender's benchmark rate was 5.10 per unit.

TANGEDCO said in a petition to TNERC, of the 20 bidders, two firms GRT & Sons and GRT Firm had quoted the lowest rate of 4.50 per unit regarding their proposed solar energy plants of 10 MW each.

The power utility noted that the rate offered by the qualified bidders, GRT & Sons and GRT, was more competitive and that it had approved their bids.

But, of the 500-MW capacity in total, only 20 MW was finalised in the earlier tender. The petition said TANGEDCO will hence float another tender for 500-MW capacity through the reverse bidding process (e-bidding). TANGEDCO was seeking a procurement price of 4.50 per unit in the planned new tender.

The procurement of solar energy was aimed to fulfill solar renewable purchase obligation of five per cent that has been fixed for the year 2017-18.

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