Tamil Nadu latest to push solar companies for post-auction tariff cut
States continue to put pressure on renewable energy companies to cut tariffs for projects awarded when costs were higher, ignoring concerns raised by banks, which say their loans are at risk and that such practices would discourage further lending and investment in the sector.
“If the developers want to cancel their projects, they can do so,” said an official. “Tangedco has found a lower tariff. No PPA has been signed as yet. It is entirely Tangedco’s choice.”