Tamil Nadu to Buy 3,000 MW Solar Energy; 200 Firms Express Interest
Published: 04th March 2015 06:03 AM | Last Updated: 04th March 2015 07:47 AM | A+A A-
CHENNAI: The State government is trying to procure 3000 MW of solar power by the end of 2015 and more than 200 firms have shown interest in signing Power Purchase Agreements (PPAs) for 2000 MW so far, says the Chairman and Managing Director (CMD), Tamil Nadu Generation and Distribution Corporation Limited, M Saikumar.
Speaking on Tuesday at the commissioning of a rooftop solar power plant at Ramakrishna Mission, Mylapore, Saikumar said the present cost of solar power, which was more than Rs. 7 a unit, would come down to Rs. 5.45 by next year.
Another senior TANGEDCO official said the PPAs for around 200 MW of solar power had already been signed in the last 10 days. These power plants were likely at Ramanathapuram, Virudhunagar and Tuticorin districts, the official added.
The power company also conducted load flow studies - a numerical analysis to determine the voltages, currents and power flows in a system under a given load condition - for around 2000 MW and had given letters of intent to these developers, the official said.
The PPAs, he added, could be signed after the deposit was paid.