Green Energy Corporation seeks licence for power trade

CHENNAI: The Tamil Nadu Green Energy Corporation Limited (TNGECL) has applied for a trading licence for intra-state trading of electricity under ‘G’ category from the Tamil Nadu Electricity Regulatory Commission (TNERC) to be able to act as an intermediary between renewable power developers and the state’s electricity distribution company, TNPDCL (erstwhile Tangedco). The licence will allow TNGECL to sell over 500 million renewable energy units every year.

Until now, TNPDCL has been purchasing power by signing agreements directly with private companies or central sector units. With the new licence, TNGECL will act as an intermediary, procuring green power from renewable power developers from within the state and sell it to the discom on a commission basis called Trade Margin.