Solar power tariff in Tamil Nadu set to fall below Rs 4 per unit

CHENNAI: Solar power tariffin Tamil Nadu is set to fall below Rs 4 per unit. Tangedco will float tenders for 1500MW in the coming days and fix the the base tariff at Rs 4 per unit with the approval of the Tamil Nadu Electricity Regulatory Commissioner (TNERC). The power utility will present a proposal to TNERC for floating tenders.

Based on previous tenders, when the final tariff has always been lower than the base tariff, this time too the rate is expected to fall below Rs 4. “We are seeking permission from the regulatory body to float the tender for solar power projects. This financial year, we need to set up 1500MW of solar power and the entire capacity will be established through tenders,” said a senior Tangedco official, seeking anonymity.

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