Solar power: All eyes on TN
A leader in wind energy, Tamil Nadu is all set to claim at least the No. 2 slot among Indian states (after Gujarat) in solar power, as the State is gearing up to signing power purchase agreements for 698 MW. Hopes for early signing of PPAs with solar power project developers have been raised after officials of the Tamil Nadu Generation and Distribution Company (Tangedco), held separate meetings with 53 developers last Thursday. These developers had won rights to put up solar plants and sell electricity to Tangedco for Rs 6.48 a kWhr (with 5 per cent annual escalation for ten years) — a tariff that was discovered through a bidding process earlier this year. Tangedco officials have told developers to expedite matters. Get land in hand, submit the required ‘bank guarantee’, we will sign the PPA the next day, they told the developers. A senior official of Tangedco told Business Line that land possession documents had not been received only for about 75 MW. He expressed confidence that the State would see 600-700 MW of solar power capacity in one year.
As was evident at the 7th Renewable Energy India 2013 held in Delhi last week, the solar industry is watching the Tamil Nadu scene keenly, given that the State’s solar programme is the largest among the ongoing programmes in India.