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