TN to buy power for summer demand, caps procurement at lowest monthly bids

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Tamil Nadu government has initiated short-term power procurement tenders to address rising electricity demand from January to June. The Tamil Nadu Electricity Board aims to secure power at the lowest monthly rates quoted by bidders. The approved procurement prices will vary from Rs 9.50 to Rs 13 per unit based on the month. Long-term power procurement tenders will also be issued for the first time since 2014.