Tamil Nadu’s state-owned electricity generation and distribution company, Tangedco, is open to reviewing the need for new coal-fired projects, if there is a clear trend showing that the cost of energy from ‘solar plus storage’ plants is lesser than that of coal.
“We are collecting data. If the trends show clearly that RE+storage is cost effective, the government may have to review new coal projects,” a senior official of Tangedco told BusinessLine.
Recent capacity auctions show the beginning of such a trend. In January, the government of India-owned SECI closed a tender to purchase electricity from RE+storage plants wherein the bidders could quote different prices for peak and non-peak time power supplies.
