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India's Adani, Tamil Nadu govt ink 648-MW solar PPA


06 July 2015 by

SNR - India’s Adani Power Ltd (BOM:533096) and the government of Tamil Nadu have officially signed a 25-year power purchase agreement (PPA) for 648 MW of solar capacity on Saturday, according to official information.


Under the terms of the deal, state-owned utility TamilNadu Generation and Distribution Corp Ltd (TANGEDCO) will purchase the entire output of the photovoltaic (PV) complex at INR 7.01 (USD 0.11/EUR 0.10) per kWh. The tariff was set by the TN Electricity Regulatory Commission (TNERC) last year.

 

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