CHENNAI: The Tamil Nadu government's power generation and distribution PSU, Tengedco, has cancelled the global tender for installation of smart meters after negotiations with the lowest bidder Adani Energy Solutions Ltd (AESL) to reduce price failed, officials aware of the matter said on Tuesday.
The Adani Group firm had emerged as the lowest bidder for one of the four packages of the tender, floated in August 2023, for installing 8.2 million smart meters in eight districts, including Chennai, Tiruvallur and Chengalpattu, a Tamil Nadu generation and distribution company (Tangedco) official said.
"The price quoted by the company was high. So, we decided to cancel the tender process after negotiations with the company to reduce the price failed," the official said, requesting anonymity.
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