Tata Power gets approval to postpone solar target until 2016

Maharashtra Electricity Regulatory Commission allows Tata Power to postpone solar targets till 2016

Tata Power has been unable since 2010 to source enough solar power to meet government renewable mandates because of a shortage of sun-based generation in the country. Photo: Priyanka Parashar/Mint

Mumbai: Tata Power Co. Ltd won approval from an Indian state electricity regulator to postpone fulfilment of annual solar-power procurement targets by as many as five years to 2016.

The utility unit of India’s biggest industrial group has been unable since 2010 to source enough solar power to meet government renewable mandates because of a shortage of sun-based generation in the country, the Maharashtra Electricity Regulatory Commission said in a 20 December order.

“It faced a genuine difficulty,” the commission said, waiving fines and ordering the company to fulfil five years of targets by 31 March 2016.

The government requires electricity distributors and large industrial companies to get as much as 10% of their power each year from renewables. In Maharashtra state, where Tata Power generates and distributes electricity, the company faced a solar procurement target of 0.25% that rises to 0.5% in the fiscal year starting April.

India doesn’t have the 3,500 megawatts of installed solar capacity required to allow all companies to comply with their obligations, according to the order. As of October, the nation had 2,080 megawatts, less than 60% of the capacity needed, according to data from the ministry of new and renewable energy.

Source: Bloomberg

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About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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