Ad Here  
Preserving for the future Polls and promises Poor representation for Kerala and TN in Cabinet Valli, they are more marginalised Roaring Ro-Ro facility 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 Moily’s bold thrust Cement prices continue to rise… No Maha Koottani in TN... Scientists urged to take up farmer-oriented research Make standards certification mandatory... S V Raju – a ‘good’ true liberal Like Hinduism: many paths to reach God... Align crops to agro climate endowments… When the President was rendered homeless… Editor's Says There was flood of milk. Reason: no milk commissioner! Airlines in India: cost and space Wise Presidents Dr C Rangarajan returns to Chennai Gas is the way forward Maximising the micro pricing … Reliance’s TV – 18 ready to launch Tamil News Channel Strengthen the base... Streamlining mandatory third party cover Limit foreign borrowings to hi-tech, export potential projects... Pharma – overdose of copying Parliament in paralysis... The sea- saw battle continues... Measuring roof tops in terms of KW/MW Contrarian cousins Lalu’s envy, India’s pride Boy, can you beat these? GM Technology at last! Welcome thrust on trade in Modi’s foreign visits... Fortune for Indian Airlines Kulandai was a giant CSR and CMI: promise of another Srinivasan Ramanujan... An enemy’s enemy is a friend More heat than light Tihar, Puzhal not different from Parappana Agrahara Medical costs hit the roof... Fuel for thought Increasing non co-operation of state leaders Muffled voices for merit… Auto components surge… Welcome GST For whom the MIDS bell tolls? Kudos to NDTV... Nuclear power at the nucleus Quality silica from Neyveli Modi and the lady No mega rail project for Tamil Nadu Adapt Vajpayee dinner diplomacy Quality education through the PPP mode Secularism and anti-Hinduism Wanted: a second airport for Chennai GNS - 100: our first subscriber Where is Rajaji? Robber barons everywhere A welcome initiative by the judiciary Permanent secretariat for TN GIM West Bengal: mindless malignancy He continues the focus on social amelioration A friendly business group A C Muthiah – his munificent bequeaths to science Eternal support for capitalisation of PS banks Rahman at CIC Whistle-Stop Tour of Raghuram Rajan When online building permits work…. Discoms deserve better… Don’t seem to feel the pulse… Computation of GDP – conundrums continue Fall in crude prices help in oil sector reform Mersal magnified TIAM turns a full cycle Delhi returns to BJP Small units prefers to remain small... Music happens Waning interest in public discussions… Paytm karo... Infrastructure funding – lessons learnt Welcome changes that testify to Jayalalithaa’s return to health TN – agglomerate land holdings without alienating ownership R Sridhar steps down as CEO of Shriram Capital Delhi is distant Gay abandon in pricing Making ‘my Amaravati’... Of course, Gujarat is vibrant Which side are you, Montek? Odisha: spectacular win by Naveen Patnaik Colour-Chem’s colourful KRVS PC’s preference for professionals The ‘Jayanthi Tax.’ Online not in line with brick and mortar businesses... Funding the un-funded Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Tribute – UCAL Selvan… All eyes on Sankara Nethralaya A Grand Finale for SN’s MS centenary at the US… EEC at the National Media Centre When Ratan Tata visited SRM Engineering seats go abegging Editor's Notes Haul over the coal Road development slows down Remembering Indira Sivasailam... Shanti and Sadhana through Music Towards speedy justice Focus on quality of power - its only around 170-180V Air Asia India will set new benchmarks for budget travel Adharma of opposition politics Delhi Chalo... An inexplicable neglect SoA @ 80 Naidu’s return augurs well for Seemandhra CII projects higher growth… Multi-faceted Venkat Protest masters... TELANGANA at last…BUT London, London Narayan The nuclear option When small is no larger beautiful.. IPL - no surprise this scam He saved millions from starvation... Plummeting profits of PSBs The Ports’ Pasha expands into Tamil Nadu Noble nonagenarians... Liberal imports idling indigenous capacities Padma Bhushan for A Ramakrishna TN-leverage strength of BHEL, NLC... Shaming of Tamils by Tamil farmers at Delhi When nations steal growth from one another… Why this malaise in medical education? More Shakti to resource mobilisation... CIPET hqrs to stay at Guindy – for the present? Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated ONGC at KG Basin Cutting the nose to spite the face The star of Spencers is no more Convulsions in The Hindu New IT products of Ramco in the pipeline… Telangana in top gear… An informal presentation - analytical, forward locking... For whom the bell tolls? Solar, solar everywhere … Banning booze... Demise of a media baron... TGS- The king storyteller When TN politicians can emulate Kerala's This scant respect for Law Shale gas and its shallow future Delhi is distant… Naidu will soon build a new Hyderabad Diamond jubilee of Egmore Samskrt School Poor quality of university VCs Tatas moving out of urea production... Why land prices zoom in TN? Sweet news for TN sugar mills Where a state respects its litterateurs… More tributes to GR Alexa – Talking Wikipedia Bihar – Nitish Kumar adopts the Lalu model Should we change the official year? Excel Generators provide the vital back-up Five star activism stalls development activity Tribute WTO Meet: resolved to meet again Lesson from Chandrababu Naidu A more liberated TN… Rs.1600 crore paper board plant of TNPL The power-full Hindujas Insurance companies bleeding, yet no decision on increasing FDI limit! Mu Sigma – is no more Tax agriculture A glass full of corruption A proud Madrasi Things happen by accident and not by design... Another Indian music maestro at the UN Land reclamation from sea appears cheaper! F C Kohli - his concerns all embracing The why of tax incentives Solar thermal shines… B H Kothari - a tribute The rise and fall of Annamalai University The brown list of Venkitaramanan The Jan Dhan bonanza A yen for wastage… Build close rapport with business leaders A rich pool of talent not utilised…. China invests in India The ‘Ayyo-yes’ is no more Tatas moving out of urea production... A think tank for Chennai Shipping woes of Chennai companies Vibrant Gujarat Come elections, come advertisements... L&T: focus on infrastructure and more infrastructure… Kinetic Karnataka The rise and rise of KCP …and of a popular trade leader The Gulf aviation boom Tough task taking states together Godspeed, Chief Minister JJ Revive development banks... Recognition to role of NBFCs.... Return to king coal for urea... Readers' Mail The Swadeshi Trump A professional at the helm of IRDA... Tribute – Manikam Ramaswami PPP mode for upgrading Corporation Hospitals IAS invades NDDB... Sri Lanka votes for change L&T- the specialty of special purpose vehicles Bihar elections - the Rajaji formula worked Cleaning Ganga – relocate tanneries and install electric crematoria Inflation: are we emulating Argentina and Brazil? Not just in-laws (and outlaws); they’ve renowned academics at the helm! How Air-India loses customs... Intellectual of rare qualities More Shakthi to Das’ elbow Fortune 500 review Building loyalty through the stomach Sweeter prospects for sugar A Grand Finale for SN’s MS centenary at the US… The few handicaps... The balancing act Tribute – M V Murugappan Put expensive assets created to use... TN accounts for the largest recruits by the IT sector Breaththrough in malaria control No engine for this car Marketing expert Balagopal is no more Silver Years of Madras Musings Welcome focus on core competence EVM is tamper-proof CRS, a jewel among managers, is no more. S Ramanathan – a versatile musician, musicologist MHC should not return to its old indisciplined ways Revving up the manufacturing sector IPL type auction for VCs? Russi Mody – a tribute Modi storms Silicon Valley
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236