Financial Daily from THE HINDU group of publications Saturday, May 27, 2006 |
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Industry & Economy
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Textiles States - Tamil Nadu Spinning mills welcome TNERC move on wind energy G. Gurumurthy
Coimbatore , May 26 The Tamil Nadu Spinning Mills Association (TASMA) has said that the third party sale of energy allowed by the Tamil Nadu Electricity Regulatory Commission (TNERC) will enable the wind turbine generator owners selling the energy generated for a better price to any third party. At present, the State Electricity Board, to which the energy generated is being sold, buys at a rate of Rs 2.75 per unit. Welcoming the TNERC's recent decisions involving the non-conventional energy sources sector, the TASMA has stated that the commission during its sitting on May 15 has allowed one of the long pending demands of the wind energy producers, namely allowing to encash the unutilised banked wing energy (for 75 per cent of the value), which was earlier allowed to lapse without any cash benefit. Its ruling that the electricity board to collect security deposit only on the two months average of energy bill on the basis of net charges is appreciated. The same way its relaxation in terms of peak hour penalty and off-peak hour rebate now being only allowed at net charge basis is welcomed by the industry. The TNERC, according to TASMA, has announced several other sops in operation and maintenance charges with a limitation of 1.10 per cent and it has also made certain time bound regulatory measures to overcome the problems in evacuation of energy generated at the windmill sites.
More Stories on : Textiles | Industry Associations | Tamil Nadu | Power
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