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