Tamil Nadu plans 23,000 MW renewable, 3,000 gas projects over 10 years

In an effort to increase its footprint in renewable space, the Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to set up 20,000 mega watt (MW of solar power project with adequate battery storage, 3,000 MW of pumped storage hydro electric project, and 2,000 MW of gas based power units in the next ten years.

These projects may require loan to the tune of Rs 1,32,500 crore. To provide technical expertise in developing renewable energy projects and for fund raising, Tangedco on Monday signed a memorandum of understanding with the Indian Renewable Energy Development Agency (IREDA), the largest lender