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Home » Solar Photovoltaic » Solar PV power in India
Solar PV power in India
Following input to raise the discussion / awareness level:
a). 220 GW energy installed. 10% T & D loss recovery with penal action of retrospective recovery from power stealers, silent officers or such theft aiding government agencies or private distribution agencies / administration set up with a JAIL Term as punitive action, will yield an yearly energy payment related to 22,000 MW power, which is fictitiously shown as T & D losses. (Ref media reports)
Thus, the financial health of DISCOMs will automatically improve...i.e if I assume a recovery tariff Rs. 4.5/kwh x (22,000 x 1000 =2,20,00,000 kwh) x (60% PLF i.e 0.6 x 24 hours x 300 days = 4320 hours) i.e [ 4.5 x 2,20,00,000 x 0.6 x 24 x 300 = Rs. 42,768 Crores/year !!]. Thus, in less than four years, we can have all DISCOMS is in cash positive !!
b). Nuclear power addition is only 20 GW, but, the radiation risk and Chernobyl like history will kill our next generation, hence, we can ignore despite this being a Base load. Instead, small and feasible Hydro Power generation shall be promoted with transparency.
c). Solar Peak Load, considering the barren land of Rajasthan, Gujarat and barren land in each district, with low cost debt fund (extracted from stashed black money), we can easily install 74,000 MW of Solar PV in phased manner. Scale up shall happen after a suitable storage solution or improvement in Cell or module efficiency with reduced land use.
d). 40 BUSD (rs. 2 lakh crore) loan is not paid by many promoters who have taken loan for various projects and the parliament has brought an amendment in Dec 2012 to recover, hence, recovery action is very necessary and stop such promoters or their proxy company from bidding for solar PV projects or any projects in Future. All solar PV power projects shall have a Government nominee in the Board of SPV along with FI nominee, to ensure the prompt energy bill payment from the DISCOM and also to ensure debt payment from project promoters.
e). Roof top solutions are expensive, as earlier said, we need to wait. We can't compare Germany for Solar PV roof top and France for Nuclear Power Projects as INDIA is unique and it has other un comparable Challenges and resources to cater our energy needs due to large area.
f). Biomass power projects with assured biomass shall need to be promoted.
g). Instead of Capital Subsidy or Viable Gap Funding, we must seek Interest subsidy from the government to demonstrate that the plant runs for at least term loan period of 10 to 12 years for a tariff of Rs. 4 or 5/kwh for Solar PV power, thus, debt with interest with assured energy generation can be ensured.
The large corporate companies are against Interest subsidy as they are able to get the Equity or Debt at 1.5% interest rate or less (TATA NANO received at 0.15% per annum for 20 years from Govt of Gujarat)….So, insist on EXIM Bank route or Capital Subsidy or Viable Gap Funding (for quick and greedy returns)...,..but, a new and small entrepreneurs are not privy to this kind of low cost debt funding…. so Large corporate companies are making money with Accelerated Depreciation (avoid paying tax to Governments with this legal provision to promote renewable energy generation), charge high tariff by showing high interests assumed as per CERC (Central Electricity Regulation Commission of INDIA) calculations, but, access low cost debt fund based on balance sheet, thus, NO LEVEL PLAYING FIELD !! Only rich and large are becoming large and small remain small or get extinct…. Few Government Administration, Ministries know this problem, but, the policies are made by Large Corporate with their vested interests….. So, how long we / INDIA give subsidies to Large Corporate companies and why not to Common man by devising the policy for low tariff and also provide large number of Jobs and this can be a game changer in INDIA or at other countries too.
a). 220 GW energy installed. 10% T & D loss recovery with penal action of retrospective recovery from power stealers, silent officers or such theft aiding government agencies or private distribution agencies / administration set up with a JAIL Term as punitive action, will yield an yearly energy payment related to 22,000 MW power, which is fictitiously shown as T & D losses. (Ref media reports)
Thus, the financial health of DISCOMs will automatically improve...i.e if I assume a recovery tariff Rs. 4.5/kwh x (22,000 x 1000 =2,20,00,000 kwh) x (60% PLF i.e 0.6 x 24 hours x 300 days = 4320 hours) i.e [ 4.5 x 2,20,00,000 x 0.6 x 24 x 300 = Rs. 42,768 Crores/year !!]. Thus, in less than four years, we can have all DISCOMS is in cash positive !!
b). Nuclear power addition is only 20 GW, but, the radiation risk and Chernobyl like history will kill our next generation, hence, we can ignore despite this being a Base load. Instead, small and feasible Hydro Power generation shall be promoted with transparency.
c). Solar Peak Load, considering the barren land of Rajasthan, Gujarat and barren land in each district, with low cost debt fund (extracted from stashed black money), we can easily install 74,000 MW of Solar PV in phased manner. Scale up shall happen after a suitable storage solution or improvement in Cell or module efficiency with reduced land use.
d). 40 BUSD (rs. 2 lakh crore) loan is not paid by many promoters who have taken loan for various projects and the parliament has brought an amendment in Dec 2012 to recover, hence, recovery action is very necessary and stop such promoters or their proxy company from bidding for solar PV projects or any projects in Future. All solar PV power projects shall have a Government nominee in the Board of SPV along with FI nominee, to ensure the prompt energy bill payment from the DISCOM and also to ensure debt payment from project promoters.
e). Roof top solutions are expensive, as earlier said, we need to wait. We can't compare Germany for Solar PV roof top and France for Nuclear Power Projects as INDIA is unique and it has other un comparable Challenges and resources to cater our energy needs due to large area.
f). Biomass power projects with assured biomass shall need to be promoted.
g). Instead of Capital Subsidy or Viable Gap Funding, we must seek Interest subsidy from the government to demonstrate that the plant runs for at least term loan period of 10 to 12 years for a tariff of Rs. 4 or 5/kwh for Solar PV power, thus, debt with interest with assured energy generation can be ensured.
The large corporate companies are against Interest subsidy as they are able to get the Equity or Debt at 1.5% interest rate or less (TATA NANO received at 0.15% per annum for 20 years from Govt of Gujarat)….So, insist on EXIM Bank route or Capital Subsidy or Viable Gap Funding (for quick and greedy returns)...,..but, a new and small entrepreneurs are not privy to this kind of low cost debt funding…. so Large corporate companies are making money with Accelerated Depreciation (avoid paying tax to Governments with this legal provision to promote renewable energy generation), charge high tariff by showing high interests assumed as per CERC (Central Electricity Regulation Commission of INDIA) calculations, but, access low cost debt fund based on balance sheet, thus, NO LEVEL PLAYING FIELD !! Only rich and large are becoming large and small remain small or get extinct…. Few Government Administration, Ministries know this problem, but, the policies are made by Large Corporate with their vested interests….. So, how long we / INDIA give subsidies to Large Corporate companies and why not to Common man by devising the policy for low tariff and also provide large number of Jobs and this can be a game changer in INDIA or at other countries too.
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