Ad Here  
February
March
April
May
June
July
 
 
Where is Rajaji? L&T: focus on infrastructure and more infrastructure… Inflation: are we emulating Argentina and Brazil? Cutting the nose to spite the face The balancing act The few handicaps... Align crops to agro climate endowments… When online building permits work…. The rise and rise of KCP Preserving for the future Measuring roof tops in terms of KW/MW TN – agglomerate land holdings without alienating ownership Readers' Mail Gas is the way forward Sweeter prospects for sugar The Swadeshi Trump Solar thermal shines… Revive development banks... Tax agriculture Adapt Vajpayee dinner diplomacy New IT products of Ramco in the pipeline… Parliament in paralysis... More tributes to GR Naidu’s return augurs well for Seemandhra Cleaning Ganga – relocate tanneries and install electric crematoria The brown list of Venkitaramanan Pharma – overdose of copying Dr C Rangarajan returns to Chennai Wise Presidents EEC at the National Media Centre CRS, a jewel among managers, is no more. Naidu will soon build a new Hyderabad to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Should we change the official year? Fuel for thought Sri Lanka votes for change No engine for this car A rich pool of talent not utilised…. Noble nonagenarians... When TN politicians can emulate Kerala's Lesson from Chandrababu Naidu Lalu’s envy, India’s pride Multi-faceted Venkat Alexa – Talking Wikipedia When nations steal growth from one another… Small units prefers to remain small... Road development slows down GM Technology at last! S V Raju – a ‘good’ true liberal This scant respect for Law R Sridhar steps down as CEO of Shriram Capital Revving up the manufacturing sector TN accounts for the largest recruits by the IT sector Why this malaise in medical education? Godspeed, Chief Minister JJ For whom the bell tolls? The sea- saw battle continues... Scientists urged to take up farmer-oriented research Build close rapport with business leaders Excel Generators provide the vital back-up L&T- the specialty of special purpose vehicles …and of a popular trade leader Put expensive assets created to use... Poor quality of university VCs The Jan Dhan bonanza Reliance’s TV – 18 ready to launch Tamil News Channel Music happens How Air-India loses customs... Tatas moving out of urea production... Remembering Indira Sivasailam... Shipping woes of Chennai companies Of course, Gujarat is vibrant Tribute – UCAL Selvan… When the President was rendered homeless… A Grand Finale for SN’s MS centenary at the US… Towards speedy justice Roaring Ro-Ro facility Don’t seem to feel the pulse… Mu Sigma – is no more Waning interest in public discussions… MHC should not return to its old indisciplined ways Robber barons everywhere Modi and the lady China invests in India Colour-Chem’s colourful KRVS PPP mode for upgrading Corporation Hospitals Quality silica from Neyveli More heat than light Welcome focus on core competence A more liberated TN… Diamond jubilee of Egmore Samskrt School Gay abandon in pricing Insurance companies bleeding, yet no decision on increasing FDI limit! Tough task taking states together Silver Years of Madras Musings Kudos to NDTV... TGS- The king storyteller Whistle-Stop Tour of Raghuram Rajan Computation of GDP – conundrums continue Boy, can you beat these? A proud Madrasi Auto components surge… Nuclear power at the nucleus A C Muthiah – his munificent bequeaths to science Moily’s bold thrust Editor's Notes Delhi is distant… More Shakti to resource mobilisation... London, London Narayan Solar, solar everywhere … No Maha Koottani in TN... Valli, they are more marginalised Breaththrough in malaria control PC’s preference for professionals An inexplicable neglect The ‘Ayyo-yes’ is no more Wanted: a second airport for Chennai The nuclear option Editor's Says Rahman at CIC Return to king coal for urea... Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai For whom the MIDS bell tolls? A glass full of corruption Come elections, come advertisements... Adharma of opposition politics A welcome initiative by the judiciary Things happen by accident and not by design... West Bengal: mindless malignancy Paytm karo... TN-leverage strength of BHEL, NLC... Tribute – Manikam Ramaswami Intellectual of rare qualities Muffled voices for merit… Polls and promises CII projects higher growth… The why of tax incentives An enemy’s enemy is a friend IPL - no surprise this scam All eyes on Sankara Nethralaya IPL type auction for VCs? Delhi returns to BJP SoA @ 80 CSR and CMI: promise of another Srinivasan Ramanujan... Infrastructure funding – lessons learnt A Grand Finale for SN’s MS centenary at the US… Vibrant Gujarat Online not in line with brick and mortar businesses... Tribute – M V Murugappan Streamlining mandatory third party cover Recognition to role of NBFCs.... More Shakthi to Das’ elbow Bihar – Nitish Kumar adopts the Lalu model Not just in-laws (and outlaws); they’ve renowned academics at the helm! Banning booze... CIPET hqrs to stay at Guindy – for the present? Convulsions in The Hindu IAS invades NDDB... Secularism and anti-Hinduism Kulandai was a giant Medical costs hit the roof... Quality education through the PPP mode Air Asia India will set new benchmarks for budget travel TELANGANA at last…BUT Fortune 500 review Shanti and Sadhana through Music Land reclamation from sea appears cheaper! Liberal imports idling indigenous capacities Cement prices continue to rise… Limit foreign borrowings to hi-tech, export potential projects... Eternal support for capitalisation of PS banks Telangana in top gear… Building loyalty through the stomach No mega rail project for Tamil Nadu Tribute S Ramanathan – a versatile musician, musicologist Focus on quality of power - its only around 170-180V TIAM turns a full cycle Which side are you, Montek? A friendly business group Tihar, Puzhal not different from Parappana Agrahara Plummeting profits of PSBs ONGC at KG Basin B H Kothari - a tribute Permanent secretariat for TN GIM He saved millions from starvation... A yen for wastage… Demise of a media baron... Fortune for Indian Airlines The Ports’ Pasha expands into Tamil Nadu WTO Meet: resolved to meet again Airlines in India: cost and space Rs.1600 crore paper board plant of TNPL Kinetic Karnataka Delhi Chalo... Protest masters... The Gulf aviation boom Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Shaming of Tamils by Tamil farmers at Delhi The power-full Hindujas Haul over the coal A professional at the helm of IRDA... Where a state respects its litterateurs… Tatas moving out of urea production... The ‘Jayanthi Tax.’ Mersal magnified Russi Mody – a tribute EVM is tamper-proof Five star activism stalls development activity When Ratan Tata visited SRM Engineering seats go abegging Poor representation for Kerala and TN in Cabinet Odisha: spectacular win by Naveen Patnaik Fall in crude prices help in oil sector reform Discoms deserve better… Delhi is distant Contrarian cousins Padma Bhushan for A Ramakrishna Shale gas and its shallow future Increasing non co-operation of state leaders Welcome thrust on trade in Modi’s foreign visits... F C Kohli - his concerns all embracing The rise and fall of Annamalai University He continues the focus on social amelioration When small is no larger beautiful.. Strengthen the base... Like Hinduism: many paths to reach God... Another Indian music maestro at the UN Make standards certification mandatory... There was flood of milk. Reason: no milk commissioner! Modi storms Silicon Valley Welcome GST Maximising the micro pricing … Sweet news for TN sugar mills Bihar elections - the Rajaji formula worked An informal presentation - analytical, forward locking... GNS - 100: our first subscriber Funding the un-funded A think tank for Chennai The star of Spencers is no more Marketing expert Balagopal is no more Making ‘my Amaravati’... Welcome changes that testify to Jayalalithaa’s return to health Why land prices zoom in TN?
 
Solar, solar everywhere …

There is a welcome thrust on solar power. It assumed special significance in the context of the persistent and widespread shortage of power. It was most pronounced in Tamil Nadu in 2012 when Tamil Nadu, save Chennai, was  subjected to 16 hours plus of power cuts.  With the abundant availability of sunlight it makes economic sense to harness solar power. The state promptly came out with an attractive policy on solar power by providing liberal incentives.

IE walked the talk without waiting for the firming up of the policy or the incentives.  It set up a 25 KW rooftop solar power facility over Economist House without availing itself of the promised subsidies. Happily, there has been widespread interest in this facility:  like the promotion of wind energy and co-generation facility for sugar mills, the liberal tax concessions such as full depreciation of the investment have attracted handsome investments.

S Seetharaman, Chairman and Managing Director, Super Auto Forge Pvt Ltd (SAF), cited the initiative taken by his company: along with a few other members of the cold forge fraternity, SAF has set up a solar power facility in the dry Ramanathapuram district through Mahindras for 1 MW to start with and plans to increase it to around 7 MW Seetharaman explained the efficient and the fast work done by Mahindras in setting up the facility in less than three months. He put the cost around Rs 7 crore per MW. What a drop from the Rs 20 crore per MW a couple of years ago!

However, a lot remains to be done: with multiple agencies involved, there is need for clarity on the rules and jurisdiction.  A single window setup to clear the applications will help. There is also a mushrooming of service providers with varying degrees of expertise.

Wind energy development was also launched with great expectations by offering depreciation and other incentives. However, over time, the investors have come to grief. Today, there is no assured off-take of wind energy generation at fair price. And large capacities remain idle owing to problems of maintenance, evacuation and prompt payments. The Tamil Nadu Electricity Regulatory Commission (TNERC) can help. But unfortunately, right from inception, it has been bedeviled with problems of suitable experts to man top posts like chairman and members. Even now, the TNERC has no chairman. The state was reluctant to set up the commission for long and senior retired bureaucrats like K Venkatesan declined the offer to join the TNERC.

In the interest of long-term sustainability of non-conventional renewable energy, the state would do well to strengthen TNERC and also frame healthy and fair rules. More importantly, implement these in a transparent manner.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com