COVERAGE REPORT TATA POWER SOLAR COMMISION S SOLAR POWER PLANT FOR CHENNAI SILKS GROUP
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1 COVERAGE REPORT TATA POWER SOLAR COMMISION S SOLAR POWER PLANT FOR CHENNAI SILKS GROUP JULY 13, 2013
2 SL.N PUBLICATION HEADLINE DATE PRINT 1 The Hindu 2 Deccan Chronicle 3 News Today 4 Trinity Mirror 5 Daily Thanthi 6 Dinamani 7 Makkal Kural 8 Malaisudar 9 Dinamalar 10 Kovai MalaiMurasu 11 Malai Malar 12 Dinabhoomi The Economic Times The Hindu Business Line 12 CIOL 13 Zee News 14 EFY Times 15 Infraline Energy 16 Energy Next 17 Indian Power Sector Chennai Silk Taps Solar Energy With Tata Power Tata Solar Power Plant for Chennai Silks Group Solar Power Plant to Produce 3.1 MN Units Chennai Silk Sets Up 2MW Solar Plant Near Kovai Minister MSM Anandan Inaugurates Solar Power Unit 2MW Solar Power Unit Inaugurated In Tamil Nadu Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks Tata Power Solar Sets up 2MW Solar Power Plant for Chennai Silks ONLINE Chennai Silks Group Commissions 2 MW Captive Solar Power Plant Chennai Silks Taps Solar Energy With Tata Power Tata Power Solar Sets up Solar Power Plant for Chennai Silks Chennai Silks Group Commissions 2 MW Captive Solar Power Plant Tata Power Solar Commissions 2MW Utility Scale Grid Connected Solar Power Plant For The Chennai Silks Group Chennai Silks Group Commissions 2 MW Captive Solar Power Plant Chennai Silks Group Sets Up Solar Plant Chennai silks group commissions 2 MW captive solar power plant July 16, 2013 July 16, 2013 July 16, 2013 July 16, 2013
3 18 EAI Power Engineering Netherland Corporate News Alternate Energy 22 Rediff 23 See News Renewables Chennai Silks Group Commissions 2 MW Captive Solar Power Plant In Tirupur Tata Power Solar Commissions 2MW Utility Scale Grid Connected Solar Power Plant For The Chennai Silks Group Tata Power Solar Commissions 2MW Utility Scale Grid Connected Solar Chennai Silks Taps Solar Energy With Tata Power Chennai Silks Taps Solar Energy With Tata Power India's Chennai Silks Installs 2 MW Of Solar, Plans 12 Mw More
4 PRINT
5 CHENNAI SILK TAPS SOLAR ENERGY WITH TATA POWER THE HINDU
6 TATA SOLAR POWER PLANT FOR CHENNAI SILKS GROUP DECCAN CHRONICLE
7 SOLAR POWER PLANT TO PRODUCE 3.1 MN UNITS NEWS TODAY
8 CHENNAI SILK SETS UP 2MW SOLAR PLANT NEAR KOVAI TRINITY MIRROR
9 MINISTER MSM ANANDAN INAUGURATES SOLAR POWER UNIT DAILY THANTHI
10 2MW SOLAR POWER UNIT INAUGURATED IN TAMIL NADU DINAMANI
11 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS MAKKAL KURAL
12 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS MALAISUDAR
13 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS JULY 16, 2013 DINAMALAR
14 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS JULY 16, 2013 KOVAI MALAI MUSARU
15 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS JULY 16, 2013 MALAI MALAR
16 TATA POWER SOLAR SETS UP 2MW SOLAR POWER PLANT FOR CHENNAI SILKS JULY 17, 2013 DINABHOOMI
17 ONLINE
18 CHENNAI SILKS GROUP COMMISSIONS 2 MW CAPTIVE SOLAR POWER PLANT THE ECONOMIC TIMES Chennai Silks group commissions 2 MW captive solar power plant OLAPALAYAM (TN): Coimbatore-based Chennai Silks Group today made its foray into solar energy sector, commissioning its first 2 MW captive solar power plant here in Tirupur district, about 80 KMs from Coimbatore. The Rs 16 crore plants, executed by Tata Power Solar (TPS) in a 'record time' of three months, was expected to generate 3.1 Million Units of electricity in the first year of operation, Group Managing Director, N K Nandagopal told reporters here. The plant, inaugurated by Forest Minister M S M Anandan, would work under the Renewable Energy Certificate (REC) mechanism and the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its textile unit situated at a distance from this plant, he said. An additional income of about Rs 3 to Rs.3.72 crore through trading of REC was expected besides Rs.1.5 to Rs.2 crore in year as energy cost savings, he claimed. The group has plans to add another 12 MW at the same location with an investment of Rs.125 crore. A three MW plant would be commissioned by September and another nine or 10 MW by March next year, Nandagopal later told PTI. Dr Arulkumar P Shanmugasundram, Executive Vice President- Project and Chief Technical Officer, TPS, Bangalore, said the investment made in the plant can be ploughed back in a span of five to six years.
19 CHENNAI SILKS TAPS SOLAR ENERGY WITH TATA POWER THE HINDU BUINESS LINE Chennai Silks taps solar energy with Tata Power Coimbatore, July 15 :Chennai Silks, one of the largest textile retailers in the South, has made a foray into commercial exploitation of solar energy with the commissioning of its 2 MW plant at Olappalayam near Kangeyam on Sunday. The grid- connected plant has been established by Tata Power Solar (TPS), which is a wholly owned subsidiary of Tata Power Ltd, in about three months. In a release, Tata Power Solar said that in the first year, the plant was expected to generate 3.1 million units of power. The plant would operate under the Renewable Energy Certificate (REC) mechanism. This would enable Chennai Silks group to supply power from the solar plant to TANGEDCO s grid and draw an equivalent quantity of power from the grid to operate group s factory. It also expects to generate an income of about Rs 3 crore -Rs 3.7 crore through trading of REC, apart from savings in energy cost of Rs 1.5 crore to Rs 2. crore a year. TPS quoted a report by Central Electricity Authority as stating that while the energy deficit in the South was 18.1 per cent, the national average was 8.3 per cent. Tamil Nadu s energy deficit was 17.5 per cent. Tamil Nadu has embarked upon a massive plan to tap solar power and targeted generation of 3,000 MW by 2015 through this renewable energy source. Ajay Goel, CEO, TPS, was hopeful that the project of Chennai Silks `would act as a catalyst for other industries to tap solar power as the first alternative source (to conventional energy source) to meet their energy needs. N.K.Nandhagopal, MD, Chennai Silks Group, said the group s foray into solar power has helped it to avail of accelerated depreciation benefits along with REC benefit, reducing working capital needs.
20 TATA POWER SOLAR SETS UP SOLAR POWER PLANT FOR CHENNAI SILKS CIOL Tata Power Solar sets up solar power plant for Chennai Silks The plant is expected to generate 3.1 million units of electricity in its first year of operation. BANGALORE, INDIA: Tata Power Solar has set up a 2MW utility scale grid connected solar power plant for the Chennai Silks group. The plant, situated in Olappalayam and built in three months, is expected to generate 3.1 million units of electricity in its first year of operation. "The solar power plant has helped our organization to avail accelerated depreciation benefit at the earliest opportunity, coupled with REC benefit which helps reduce our working capital needs." said N K Nandhagopal, MD, the Chennai Silks group. The captive power plant will work under the REC (Renewable Energy Certificate) mechanism. As part of the REC mechanism, the Chennai Silks group will share the energy generated from this plant to Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its factory. An additional income of about Rs crores through trading of REC is expected besides Rs crores in year as energy cost savings, says a release. Ajay Goel, CEO, Tata Power Solar, said: "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."
21 CHENNAI SILKS GROUP COMMISSIONS 2 MW CAPTIVE SOLAR POWER PLANT ZEE NEWS Chennai Silks group commissions 2 MW captive solar power plant Olapalayam (TN): Coimbatore-based Chennai Silks Group has made its foray into solar energy sector, commissioning its first 2 MW captive solar power plant here in Tirupur district, about 80 KMs from Coimbatore. The Rs 16 crore plant, executed by Tata Power Solar (TPS) in a 'record time' of three months, was expected to generate 3.1 Million Units of electricity in the first year of operation, Group Managing Director, N K Nandagopal told reporters here. The plant, inaugurated by Forest Minister M S M Anandan, would work under the Renewable Energy Certificate (REC) mechanism and the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its textile unit situated at a distance from this plant, he said. An additional income of about Rs 3 to Rs.3.72 crore through trading of REC was expected besides Rs.1.5 to Rs.2 crore in year as energy cost savings, he claimed. The group has plans to add another 12 MW at the same location with an investment of Rs.125 crore. A three MW plant would be commissioned by September and another nine or 10 MW by March next year, Nandagopal later said. Dr Arulkumar P Shanmugasundram, Executive Vice President- Project and Chief Technical Officer, TPS, Bangalore, said the investment made in the plant can be ploughed back in a span of five to six years.
22 TATA POWER SOLAR COMMISSIONS 2MW UTILITY SCALE GRID CONNECTED SOLAR POWER PLANT FOR THE CHENNAI SILKS GROUP EFY TIMES Tata Power Solar Commissions 2MW Utility Scale Grid Connected Solar Power Plant for the Chennai Silks Group Monday, : Tata Power Solar, the leading Indian solar company, has successfully executed this solar power plant for the Chennai Silks group. The plant, executed in a record timeframe of 3 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 & sustainable solution for the company, hence reducing the down time of their production units resulting in business efficiency. Tata Power Solar s capability of swiftly executing a captive solar power plant and build in record time is something remarkable. This has helped our organization to avail accelerated depreciation benefit at the earliest opportunity, coupled with REC benefit which helps reduce our working capital needs. says N. K. Nandhagopal, MD, the Chennai Silks group. The captive power plant will work under the REC (Renewable Energy Certificate) mechanism. As part of the REC mechanism, the Chennai Silks group will share the energy generated from this plant to Tamil Nadu Generation and Distribution Corporation (TANGEDCO) 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 Rs crores through trading of REC is expected besides Rs crores in year as energy cost savings. Tata Power Solar s renowned history of on-time completion and dedicated in-house team for providing complete EPC solutions, gives it a strong competitive advantage over others. We take pride in our association with the Chennai Silks group 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. he added. Tata Power Solar has designed and built more than 70 MW of grid connected projects to-date. Some of the notable projects executed by TPS recently includes: 50 MW for NTPC in Rajgarh, MP (in progress), 17 MW power plant in Mithapur, 10MW project in Charanka for Emami.According to April 2013 report by Central Electricity Authority (CEA), the energy deficit for the southern region was 18.1 per cent, compared to a national average of 8.3 per cent, and in Tamil Nadu the deficit was a high 17.5 per cent. Hence, the Tamil Nadu government is working towards bridging this gap with the help of renewable energy sources. The TN 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.
23 CHENNAI SILKS GROUP COMMISSIONS 2 MW CAPTIVE SOLAR POWER PLANT INFRALINE ENERGY Chennai Silks group commissions 2 MW captive solar power plant Coimbatore-based Chennai Silks Group has made its foray into solar energy sector, commissioning its first 2 MW captive solar power plant here in Tirupur district, about 80 KMs from Coimbatore. The Rs 16 crore plant, executed by Tata Power Solar (TPS) in a 'record time' of three months, was expected to generate 3.1 Million Units of electricity in the first year of operation, Group Managing Director, N K Nandagopal told reporters here. The plant, inaugurated by Forest Minister M S M Anandan, would work under the Renewable Energy Certificate (REC) mechanism and the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its textile unit situated at a distance from this plant, he said. An additional income of about Rs 3 to Rs.3.72 crore through trading of REC was expected besides Rs.1.5 to Rs.2 crore in year as energy cost savings, he claimed. The group has plans to add another 12 MW at the same location with an investment of Rs.125 crore. A three MW plant would be commissioned by September and another nine or 10 MW by March next year, Nandagopal later said. Dr Arulkumar P Shanmugasundram, Executive Vice President- Project and Chief Technical Officer, TPS, Bangalore, said the investment made in the plant can be ploughed back in a span of five to six years.
24 CHENNAI SILKS GROUP SETS UP SOLAR PLANT ENERGY NEXT Chennai Silks Group sets up solar plant Coimbatore s Chennai Silks Group has forayed into the solar energy sector and has commissioned its first 2MW captive solar power plant in Tirupur district, Tamil Nadu. The plant has been executed by Tata Power Solar, the leading Indian solar company, in a record timeframe of 3 months. The plant is situated in Olappalayam and is expected to generate 3.1 million units of electricity in its first year of operation. The solar plant, established at an estimated cost of Rs 16 crore, is situated in Olappalayam and is expected to generate 3.1 million units of electricity in its first year of operation, according to N K Nandagopal, Group Managing Director. Tata Power Solar s capability of swiftly executing a captive solar power plant and build in record time is something remarkable. This has helped our organization to avail accelerated depreciation benefit at the earliest opportunity, coupled with REC benefit which helps reduce our working capital needs. Nandagopal said. speaking on the commissioning of the project, Ajay Goel, CEO Tata Power Solar, said, Tata Power Solar s renowned history of on-time completion and dedicated in-house team for providing complete EPC solutions, gives it a strong competitive advantage over others. We take pride in our association with the Chennai Silks group to execute their first Utility Scale Grid Connected Solar Power Project. The plant was inaugurated by Forest Minister M S M Anandan and would be under the Renewable Energy Certificate (REC) mechanism the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and will get an equivalent quantity of uninterrupted electricity supply in return to its textile unit, he said. The project will generate an additional income of around Rs 3 to Rs.3.72 crore due to REC trading besides Rs.1.5 to Rs.2 crore every year as energy cost savings, he claimed.
25 CHENNAI SILKS GROUP COMMISSIONS 2 MW CAPTIVE SOLAR POWER PLANT INDIAN POWER SECTOR Chennai Silks group commissions 2 MW captive solar power plant Coimbatore-based Chennai Silks Group today made its foray into solar energy sector, commissioning its first 2 MW captive solar power plant here in Tirupur district, about 80 KMs from Coimbatore. The Rs 16 crore plant, executed by Tata Power Solar (TPS) in a record time of three months, was expected to generate 3.1 Million Units of electricity in the first year of operation, Group Managing Director, N K Nandagopal told reporters here. The plant, inaugurated by Forest Minister M S M Anandan, would work under the Renewable Energy Certificate (REC) mechanism and the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its textile unit situated at a distance from this plant, he said. An additional income of about Rs 3 to Rs.3.72 crore through trading of REC was expected besides Rs.1.5 to Rs.2 crore in year as energy cost savings, he claimed. The group has plans to add another 12 MW at the same location with an investment of Rs.125 crore. A three MW plant would be commissioned by September and another nine or 10 MW by March next year, Nandagopal later told PTI.
26 CHENNAI SILKS GROUP COMMISSIONS 2 MW CAPTIVE SOLAR POWER PLANT IN TIRUPUR EAI Chennai Silks Group commissions 2 MW captive solar power plant in Tirupur Coimbatore-based Chennai Silks Group today made its foray into solar energy sector, commissioning its first 2 MW captive solar power plant here in Tirupur district, about 80 KMs from Coimbatore. The Rs 16 crore plant, executed by Tata Power Solar (TPS) in a 'record time' of three months, was expected to generate 3.1 Million Units of electricity in the first year of operation, Group Managing Director, N K Nandagopal told reporters here. The plant, inaugurated by Forest Minister M S M Anandan, would work under the Renewable Energy Certificate (REC) mechanism and the group would share the energy generated with Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and in return will get an equivalent quantity of uninterrupted electricity supply to its textile unit situated at a distance from this plant, he said. An additional income of about Rs 3 to Rs.3.72 crore through trading of REC was expected besides Rs.1.5 to Rs.2 crore in year as energy cost savings, he claimed. The group has plans to add another 12 MW at the same location with an investment of Rs.125 crore. A three MW plant would be commissioned by September and another nine or 10 MW by March next year, Nandagopal later told PTI. Dr Arulkumar P Shanmugasundram, Executive Vice President- Project and Chief Technical Officer, TPS, Bangalore, said the investment made in the plant can be ploughed back in a span of five to six years.
27 TATA POWER SOLAR COMMISSIONS 2MW UTILITY SCALE GRID CONNECTED SOLAR POWER PLANT FOR THE CHENNAI SILKS GROUP POWER ENGIEERING Tata Power Solar Commissions 2MW Utility Scale Grid Connected Solar Power Plant for the Chennai Silks Group Monday, : Tata Power Solar, the leading Indian solar company, has successfully executed this solar power plant for the Chennai Silks group. The plant, executed in a record timeframe of 3 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 & sustainable solution for the company, hence reducing the down time of their production units resulting in business efficiency. Tata Power Solar's capability of swiftly executing a captive solar power plant and build in record time is something remarkable. This has helped our organization to avail accelerated depreciation benefit at the earliest opportunity, coupled with REC benefit which helps reduce our working capital needs." says N. K. Nandhagopal, MD, the Chennai Silks group.the captive power plant will work under the REC (Renewable Energy Certificate) mechanism. As part of the REC mechanism, the Chennai Silks group will share the energy generated from this plant to Tamil Nadu Generation and Distribution Corporation (TANGEDCO) 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 Rs crores through trading of REC is expected besides Rs crores in year as energy cost savings. Tata Power Solar's renowned history of on-time completion and dedicated in-house team for providing complete EPC solutions, gives it a strong competitive advantage over others. We take pride in our association with the Chennai Silks group 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." he added.tata Power Solar has designed and built more than 70 MW of grid connected projects to-date. Some of the notable projects executed by TPS recently includes: 50 MW for NTPC in Rajgarh, MP (in progress), 17 MW power plant in Mithapur, 10MW project in Charanka for Emami. According to April 2013 report by Central Electricity Authority (CEA), the energy deficit for the southern region was 18.1 per cent, compared to a national average of 8.3 per cent, and in Tamil Nadu the deficit was a high 17.5 per cent. Hence, the Tamil Nadu government is working towards bridging this gap with the help of renewable energy sources. The TN 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.
28 TATA POWER SOLAR COMMISSIONS 2MW UTILITY SCALE GRID CONNECTED SOLAR NETHERLAND CORPORATE NEWS Tata Power Solar commissions 2MW utility scale grid connected solar The plant developed for Chennai Silks group also marks its foray in solar and is their first solar power plant in Tamil NaduTata 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 Rs 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 top of the page.
29 CHENNAI SILKS TAPS SOLAR ENERGY WITH TATA POWER ALTERNATE ENERGY Chennai Silks taps solar energy with Tata Power Chennai Silks, one of the largest textile retailers in the South, has made a foray into commercial exploitation of solar energy with the commissioning of its 2 MW plant at Olappalayam near Kangeyam on Sunday. The grid- connected plant has been established by Tata Power Solar (TPS), which is a wholly owned subsidiary of Tata Power Ltd, in about three months. In a release, Tata Power Solar said that in the first year, the plant was expected to generate 3.1 million units of power. The plant would operate under the Renewable Energy Certificate (REC) mechanism. This would enable Chennai Silks group to supply power from the solar plant to TANGEDCO s grid and draw an equivalent quantity of power from the grid to operate group s factory. It also expects to generate an income of about Rs 3 crore -Rs 3.7 crore through trading of REC, apart from savings in energy cost of Rs 1.5 crore to Rs 2. crore a year. TPS quoted a report by Central Electricity Authority as stating that while the energy deficit in the South was 18.1 per cent, the national average was 8.3 per cent. Tamil Nadu s energy deficit was 17.5 per cent. Tamil Nadu has embarked upon a massive plan to tap solar power and targeted generation of 3,000 MW by 2015 through this renewable energy source. Ajay Goel, CEO, TPS, was hopeful that the project of Chennai Silks `would act as a catalyst for other industries to tap solar power as the first alternative source (to conventional energy source) to meet their energy needs. N.K.Nandhagopal, MD, Chennai Silks Group, said the group s foray into solar power has helped it to avail of accelerated depreciation benefits along with REC benefit, reducing working capital needs.
30 CHENNAI SILKS TAPS SOLAR ENERGY WITH TATA POWER REDIFF Chennai Silks taps solar energy with Tata Power Chennai Silks, one of the largest textile retailers in the South, has made a foray into commercial exploitation of solar energy with the commissioning of its 2 MW plant at Olappalayam near Kangeyam on Sunday. The grid- connected plant has been established by Tata Power Solar (TPS), which is a wholly owned subsidiary of Tata Power Ltd, in about three months. In a release, Tata Power Solar said that in the first year, the plant was expected to generate 3.1 million units of power. The plant would operate under the Renewable Energy Certificate (REC) mechanism. This would enable Chennai Silks group to supply power from the solar plant to TANGEDCO s grid and draw an equivalent quantity of power from the grid to operate group s factory. It also expects to generate an income of about Rs 3 crore -Rs 3.7 crore through trading of REC, apart from savings in energy cost of Rs 1.5 crore to Rs 2. crore a year. TPS quoted a report by Central Electricity Authority as stating that while the energy deficit in the South was 18.1 per cent, the national average was 8.3 per cent. Tamil Nadu s energy deficit was 17.5 per cent. Tamil Nadu has embarked upon a massive plan to tap solar power and targeted generation of 3,000 MW by 2015 through this renewable energy source. Ajay Goel, CEO, TPS, was hopeful that the project of Chennai Silks `would act as a catalyst for other industries to tap solar power as the first alternative source (to conventional energy source) to meet their energy needs. N.K.Nandhagopal, MD, Chennai Silks Group, said the group s foray into solar power has helped it to avail of accelerated depreciation benefits along with REC benefit, reducing working capital needs.
31 INDIA'S CHENNAI SILKS INSTALLS 2 MW OF SOLAR, PLANS 12 MW MORE SEE NEWS RENEWABLES India's Chennai Silks installs 2 MW of solar, plans 12 MW more Indian textile specialist Chennai Silks Group today commissioned a 2-MW solar system in Tamil Nadu state for own consumption and unveiled plans for 12 MW more, The Press Trust of India (PTI) reported. The plant developed for Chennai Silks group also marks its foray in solar and is their first solar power plant in Tamil NaduTata 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 Rs 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.
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