Tamil Nadu: Tangedco to add 25,000 MW of clean energy

CHENNAI: The state-run power utility, Tangedco, on Monday signed a memorandum of understanding with Indian Renewable Energy Development Agency, a government of India enterprise, to provide advisory services to Tangedco to augment the capacity with new projects and technology in the sector.

The MoU was signed in the presence of chief minister M K Stalin at the Secretariat. “To become self-sufficient in meeting the energy needs of the state, and reduce the amount spent on power purchase, the Tangedco has planned to augment its renewable energy sources by 25,000MW in the next 10 years. This includes 20,000MW solar energy, 3,000MW of hydro power and 2,000MW electricity generated by gas turbines. It has been estimated that Tangedco will have to raise 1.32 lakh crore funds,” said an official release.