According to the ratings firm India Ratings and Research, Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) has cleared a significant amount of receivables due to Adani Green Energy (Tamil Nadu) Limited.
Adani Green Energy (Tamil Nadu) Limited comprises various special purpose vehicles (SPVs) such as Kamuthi Solar Power Limited and Ramnad Solar Power Limited among others, which together runs the ultra mega solar power plant of 648 MW at Kamuthi, Tamil Nadu.