Welspun Renewables has signed a power purchase agreement (PPA) with the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) for setting up a 100 MW solar project in the state.
So far, the government has signed 146 MW of PPAs under the existing solar power purchase programme and now Welspun’s 100 MW is among these PPAs.
As per the scheme, the developers who set up projects before September will sell their power to TANGEDCO at a rate of Rs 7.01 a kWhr.
Jeweller GRT (15 MW) and the Andhra-based SSNR Power (10 MW) are among the other companies who have signed PPAs.
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