TANGEDCO Issues Tender for 500 MW Grid-Connected Solar Project

The project will be awarded based on a reverse auction to be held on a specified date, the upper ceiling for the bidding is set at Rs 3.00 per unit.

Moving towards solar energy, Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) has invited bids from solar power generators for the procurement of 500 MW of solar power.

The last date for the submission of the bid is December 26, 2018. The project will be awarded based on a reverse auction to be held on a specified date, the upper ceiling for the bidding is set at Rs 3.00 per unit.

The scope of work includes establishing, maintaining, and operating solar power plants of Minimum 5 MW and above (maximum upto 50 MW) in a single location for a single SPG or company or group of companies or by consortium in Tamil Nadu for a total capacity of 500 MW.

The selected solar developer will also be responsible to supply the generated solar power to TANGEDCO under long term Power Purchase Agreement for 25 years

The tender document also mentions that “the Capacity Utilisation Factor (CUF) shall be 17 % to 19%, calculated on yearly basis. In case the availability is more than the maximum CUF specified i.e.19%, then TANGEDCO will purchase the excess generation, at 75 % of the PPA tariff as specified in the guidelines.”

The net worth of the SPG for eligibility according to the tender document is equal to or greater than the value calculated at the rate of Rs 106 Lakhs per MW of the proposed project capacity.

This is a part of Tamil Nadu Electricity Regulation Commission (TNERC) approval to TANGEDCO for auctioning 3000 MW of solar and wind energy for the financial year 2018-19.