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Web Exclusive | January 2013

Tamil Nadu solar projects get over 90 bids

Tamil Nadu government is said to have received bids from over 90 potential investors for setting up a cumulative 500 mw of solar power generation capacity in the state.

The state government, which intends to set up decentralised solar power generation projects across the state, invited bids for the project through the Tamil Nadu Generation and Distribution Corporation.

The corporation plans to enter into a 20-year power purchase agreement with the generators based on the lowest bidder.

According to media reports, the state government is satisfied with the response for the project although bids were submitted for only 500 mw of capacity against a total of 1,000 mw anticipated by it.

Among the investors were multinational players and infrastructure companies with plans to set up 10-50 mw of solar generation and individual entrepreneurs planning to set up 1–5 mw of solar power generation, reports indicate.

Gujarat had managed to tie up for about 900 mw of solar power only after multiple rounds of bidding since 2010. The National Solar Mission brought in about 150 mw in the first round and over 350 mw subsequently.

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