The Tamil Nadugovernment on Tuesday
signed memoranda of understanding with 16 solar power companies for 1500
MW of electricity. All the 16 companies will invest a total of Rs 9,000 crore
in the coming year at the rate of Rs 6 crore per MW of solar power.
These companies had bid for various capacities of solar power for the year
2017-18 and won bids after they agreed to the lowest tariff of Rs 3.47 per
The 16 companies led by Rasi Green, which won the bid at Rs 3.47 per unit, will
set up solar plants in the state.
NLC will provide 709MW
unit followed by six companies, 100MW each. Other companies have been allocated
1 to 54MW.
On Tuesday, two solar power companies signed MoUs in the presence of chief
minister Edappadi K
Palaniswami, state power minister P Thangamani and chief secretary
Girija Vaidyanathan and TNEB chairman M Saikumar.