TANGEDCO plans 20,000 MW Solar Power Project
Indian Renewable Energy Development Agency Ltd (IREDA) will provide technical expertise in developing Renewable Energy projects and fund raising to the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO) which is planning for Rs.132,500 crore 20,000 MW of Solar Power Project.
The plans also include adequate Battery Storage, 3,000 MW of Pumped Storage Hydro Electric Project and 2,000 MW of Gas-Based Power Plant for efficient Renewable integration.
IREDA will extend its technical expertise to TANGEDCO for Renewable energy project development, bid process management and implementation support under a Memorandum of Understanding signed on 6 Sept 2021.
IREDA will also assist TANGEDCO in debt raising through developing financial models, assistance in the understanding market instrument, underwriting services for the proposed debt requirement, and conducting pre-market surveys, road shows to generate interest amongst prospective investors.
IREDA, as the largest lender of the Renewable Energy sector, is committed to play an important role in the fulfillments of the financial requirements for RE projects. #tenders #investment #projects #power #OPEC /fiinews.com
