Last week the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) issued a 500 MW request for selection (RfS) for 500 MW of solar power in the Indian state of Tamil Nadu. With a bid submission deadline of November 18, and relatively favorable tariffs on offer, the tender is likely to attract sizable interest. However, Mercom Capital founder and CEO Raj Prabhu believes that the RfS represents a risk for solar developers due to TANGEDCO's past history of late tariff payments and above-average levels of curtailment. An upper limit tariff for the solar tender has been set at INR 5.10 ($0.0763)/kWh without accelerated depreciation, as mandated by the state-administered Tamil Nadu Electricity Regulatory Commission (TNERC). Developers can, however, bid with accelerated depreciation, which heaps on an additional tariff benefit of INR 0.54 (0.008)/kWh. Bidders will have their tariff set only once the ...Den vollständigen Artikel lesen ...