In the Indian 1,500 MW Tamil Nadu Generation and Distribution Corporation (TANGEDCO) tender, Raasi Green Earth Energy won the bid to develop 100 MW of solar by quoting INR 3.47 ($0.05364) per kWh. »This is the lowest solar tariff ever quoted in the state of Tamil Nadu,« reported consultancy Mercom Capital Group.
The tariffs quoted ranged between a high of INR 4 ($0.06184) and a low of INR 3.47. Sai Jyothi Infrastructure Ventures Private Limited quoted INR 3.60 ($0.05565) per kWh to develop 54 MW; Solitaire BTN Solar Private Limited quoted INR 3.69 ($0.05705) per kWh to develop 150 MW; and Narbheram Vishram and NVR Energy Private Limited quoted INR 3.85 ($0.05952) per kWh to develop 100 MW, says Mercom citing a TANGEDCO official. Furthermore, a number of developers are planning to install PV systems with capacities between 1 and 200 MW.
Overall, TANGEDCO received bids aggregating 3.7 GW in response to its 1.5 GW solar tender.
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