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Tamil Nadu solar tender attracts bids from 86 bidders for 499 MW across 105 projects

Chief Minister J Jayalalithaa in October this year unveiled an ambitious Solar Energy Policy 2012, aimed at generating 3,000 MW in next the three years from 2013 (1,000 MW per year).

The policy also aims to achieve reduced carbon emissions and grid parity by 2015, thereby projecting Tamil Nadu as a solar hub.

Creation of solar energy parks, provision of incentives to domestic consumers who set up roof-top solar installations, mandatory installation of solar panels in all new government buildings and offices of local bodies, operation of drinking water equipment and street lights of local bodies on solar power and incentives to manufacturers of solar energy equipment are among the salient features of the new policy.

Last month, the Tamil Nadu solar pre-bid meeting for the 1000 MW tender witnessed overwhelming participation from various stakeholders with more than 400 people including developers, EPC, consultants and potential investors attending the meeting. Earlier this month, the solar investors meeting also witnessed a similar response.

The government on its part was also present in full strength with  Energy Secretary, CMD-TANGEDCO, CMD-TEDA, Director Transmission, Generation, Distribution and Finance, CE- NCES being available during the meeting to answer questions from potential developers.

Earlier this week, reports indicated that with less than four days before the last date for submitting bids for securing rights to sell solar power to Tamil Nadu’s electricity distribution utility, Tangedco, several niggling issues in the power purchase agreement are worrying prospective bidders.

In the bidding that ended today that was meant to auction out 1000 MW of solar capacity,  the state witnessed bids from 86 entities for an aggregated capacity of 499 MW across 105 projects.

Notable bidders that participated in the tender include SunEdison 50 MW (under various SPVs), RK biotech 50 MW, Welspun 30MW, Lanco 25MW,  IL&FS 30 MW (under different entities), GR Thangamaligai 15 MW, among others.

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