SIMA Meet - Tamil Nadu Power Scenario Present & Future

<p>As power requirement been exponentially increasing by the industries in present-days, the Southern India Mills’ Association (SIMA) hosted a seminar around the theme “Tamil Nadu Power Scenario Present & Future” on 20th Oct 2021. SIMA member<strong> </strong>Mr. Charvi detailed about current power scenario and needs in Tamil Nadu. His discussion points included the various difficulties faced by mills’ with various power sources as the market situations are being volatile.</p><p> </p><p>After which, Mr. R Shantha Kumar, CEO - eClouds Energy, President ITP, Member panel FICCI and Ex- TNERC Energy Panel Member kicked off the seminar with a view on tackling the power crisis and various other complimenting ways of energy conservation that the industries could opt for. International Energy Agency predicted a 5% price reduction with solar. But in reality its 80%. He also pointed out that, the private power prices are decided by the factors like coal, gas and petroleum prices. All of those were increased though crude, furnace oil and biomass prices are substantially stable. He specified that with Wind and Solar, per MW investments have gone higher since CoVid. Also, he said due to not so clear regulations have increased competitions among investors and the power industry is a strong public sector monopolised business. Due to the Government’s proactive actions in initial days, Tamil Nadu now stands in the 9th in India with 14GW in wind and 17GW in Solar respectively. He suggested that, the electricity rates need to be decided by market rather than TNERC. He discussed about various private power tariff rates offered in general and from eClouds Energy. As eClouds Energy are licensed power traders, they can bring the best of options to the consumers available in the market.</p>