The latest solar power tender issued in the state of Tamil Nadu is in stark contrast to the one issued for the Newa solar power park. The former has, once again, received a poor response from the project developers.
The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) had floated a tender for 500 megawatts of solar PV power capacity. The tender received bids by 22 project developers willing to set up 300 megawatts (MW) of capacity. The poor response is worlds apart from the 10 times oversubscription for the 750 megawatt Rewa solar power park.
The poor response is ironically still better than that received for the 500 megawatt tender previously issued by TANGEDCO. In November 2016, the tender attracted 20 bids of just 122 megawatts. The utility had no choice but to scrap the tender. Project developers were unable to purchase land for their projects due to lack of funds owning to the demonetization drive of the Indian government.