1. Home
  2. Tag "TANGEDCO"

Tangedco to buy 500MW solar power for 25 years to meet clean energy quota

According to the ministry of new and renewable power (MNRE), about 9,000MW of solar power is required for 2021-22 to meet Tamil Nadu’s solar purchase obligation CHENNAI: Tangedco is all set to purchase 500MW of solar power at 2.78 per unit from Solar Energy Corporation of India for the next 25 years for the discom […]

Solis Celebrates 19 Years of Innovation and Global Leadership in Solar Technology – EQ

Minister explains TANGEDCO’s debt crisis

…says debts inevitable as the State government is investing in upcoming projects; UDAY scheme provides solution CHENNAI: Debts mounting at an alarming rate for Tangedco was the main topic of discussion at the State Assembly on Friday. Opposition members attacked the government for not paying the pending bills to nuclear and thermal generators. Tangedco purchases around […]

Solis Celebrates 19 Years of Innovation and Global Leadership in Solar Technology – EQ

Tangedco’s debt at Rs 1 lakh crore, same as Tamil Nadu’s in 2011

CHENNAI : Mounting capital expenditure for new thermal projects, salary hike for employees, high cost of coal and rakes and non-revision of tariffs for the past 5 years have landed Tangedco in an unenviable situation of debts crossing ?1 lakh crore. This was Tamil Nadu government’s total debt in 2011-12. Tangedco, meanwhile, is struggling to […]

Solis Celebrates 19 Years of Innovation and Global Leadership in Solar Technology – EQ

Madras High court wants to know Tangedco’s pvt purchase price

A division bench of Justice N Kirubakaran and Justice P Velmurugan raised the query while hearing an appeal moved by the Tamil Nadu Electricity Consumers Association Chennai: The Madras high court has asked Tangedco to explain whether it is purchasing power from certain private generators at a higher rate causing loss to the exchequer. A […]

Aditya Birla Renewables Raises ₹2,500 Crore Through NCDs – EQ