Tata Power Solar commissions 2MW utility scale grid connected solar power plant for Chennai Silks group
Wednesday, Jul 17, 2013
Tata Power Solar, the leading Indian solar company, has successfully executed installing a solar power plant for the Chennai Silks group. The plant, executed in a record time of three months, is one of the many premier projects by Tata Power Solar in Tamil Nadu. The plant is situated in Olappalayam and is expected to generate 3.1 million units of electricity in its first year of operation.
The Chennai Silks group, the largest textile production group in Tamil Nadu, has forayed into solar to tap one of the most widely available sources of renewable energy. Power shortages are a major issue in Tamil Nadu, with several manufacturing facilities in the region suffering from shortages and relying on expensive diesel generators for power. This PV solar power can provide a clean, reliable and sustainable solution for the company, hence reducing the downtime of their production units resulting in business efficiency.
“Tata Power Solar’s capability of swiftly executing a captive solar power plant and build it in record time is something remarkable. This has helped our organisation avail accelerated depreciation benefit at the earliest opportunity, coupled with REC benefit, which helps reduce our working capital needs,” said NK Nandhagopal, MD, Chennai Silks group.
The captive power plant will work under the REC (renewable energy certificate) mechanism. As part of the REC mechanism, Chennai Silks will share the energy generated from this plant to Tamil Nadu Generation and Distribution Corporation and in return will get an equivalent quantity of uninterrupted electricity supply to its factory situated at a distance from this solar plant. An additional income of about Rs3.0-3.72 crore through trading of REC is expected, besides Rs1.5-2 crore in year as energy cost savings.
“Tata Power Solar’s renowned history of on-time completion and a dedicated in-house team for providing complete EPC solutions, gives it a strong competitive advantage over others. We take pride in our association with Chennai Silks to execute their first utility scale grid connected solar power project,” said Ajay Goel , CEO, Tata Power Solar. “I am quite confident this project would act as a catalyst for other industries to adopt solar as the first alternate source of energy for their business needs.”
Tata Power Solar has designed and built more than 70MW of grid connected projects to-date. Some of the notable projects executed by the company include a 50MW plant for NTPC in Rajgarh, MP (in progress), a 17MW power plant in Mithapur, and a 10MW project in Charanka for Emami.
According to an April 2013 report by Central Electricity Authority, the energy deficit for the southern region was 18.1 percent, compared to a national average of 8.3 percent, and in Tamil Nadu the deficit was a high 17.5 percent. Hence, the Tamil Nadu government is working towards bridging this gap with the help of renewable energy sources. The Tamil Nadu government is working towards mitigating the climate change effects by bringing out policies conducive to promote renewable energy generation in the state. It aims to make renewable, specially solar energy, as common a practice as rain water harvesting, so that it helps the states meets its target of generating 3,000MW solar energy by 2015.
Source: Tata Power Solar