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