TANGEDCO Receives Surprising 3700MW Technical Bids on 1.5GW Solar Power Tender

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The technical bids of 3700MW solar power seems like a good sign for TANGEDCO despite the Indian utility’s previous unpopularity among developers after it received weary response on 500MW solar power tender earlier in 2016.

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) in mid-May announced tender for 1500MW of solar power in Tamil Nadu through reverse auction. The auction has attracted unprecedented attention from the industry.

The 1500 MW solar power tender by TANGEDCO has received technical bids of 3.7GW, which turns out be corporation’s most successful solar tender to date. The price bids for the 1500MW solar power projects are expected to open on 30^th June 2017.

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The 3.7GW technical bids seems like a good sign for TANGEDCO despite the Indian utility’s previous unpopularity among developers after it received weary response on 500MW solar power tender earlier in 2016.