In a move to promote green energy, the Tamil Nadu government has launched the Tamil Nadu Green Energy Corporation Limited (TNGECL) involving the separation of the renewable energy wing from the Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) and its amalgamation with the Tamil Nadu Energy Development Agency (TEDA).
Operating under the guidelines of the Companies Act, 2013, the newly formed company, TNGECL, aims to expedite the state’s transition towards sustainable energy and facilitate funding for green projects. TNGECL is envisioned to play a pivotal role in advancing various renewable projects encompassing wind, hydro, and solar power. Additionally, the corporation aims to streamline clearance processes for green developers by introducing a unified clearance system. Among its key objectives, TNGECL will oversee the management of existing and upcoming green projects, including those related to hydro-generation, pumped-hydro, and various other renewable energy endeavors previously handled by Tangedco. The corporation will also take charge of the procurement, development, and construction of new green projects.