TANGEDCO receives regulatory approval to float tender for procuring 1,500 MW solar and wind power

Tamil Nadu Generation and Distribution Company Limited (TANGEDCO) has received approval from the Tamil Nadu Electricity Regulatory Commission to float tenders for the procurement of 1,500 MW of solar power and wind power at a cost of Rs 3 per kWh and Rs 2.65 per kWh respectively. The base tariffs have been determined by SECI, in view of the declining tariffs for solar and wind power projects. TANGEDCO plans to float the tender during the first week of April 2018.