Solar activity to pick up as Regulatory Authority fixes tariff
The Tamil Nadu Electricity Regulatory Commission (TNERC) has announced new tariff for solar power producers who put up plants in the state. They would be paid Rs 7.01 per unit of power generated from a solar photovoltaic plant, and Rs 11.03 for a solar thermal power plant.
“The tariff isn’t great, but we will go ahead with the project since we have land, funding,” said M Umapathi chairman and managing director of Voltech Group, which is planning a 10MW plant near Tuticorin. “The tariff is at least better than the one of Rs 6.48 that was proposed in the draft plan,” he said.
Since the announcement of the TN Solar policy in 2012, solar activity in the state had virtually come to a standstill. Sections of the policy were caught in legal tussles and tariffs on projects were undecided. Now, with the new tariff package, solar power generation is expected to pick up.