Seeking to attract more private players in wind power generation, the Tamil Nadu state government has said that it would provide interest-free loans for five years to new entrants.
“The government is keen on more private companies producing electricity from wind power… We are ready to provide interest-free loan for five years to those who want to set up the wind power units,” Electricity Minister Natham R Viswanathan told the Assembly.
Replying to a Special Call Attention motion moved by the Left parties, he said that the private companies were already producing electricity in their wind farms which have capacities of 440 KiloWatts (KW) and 230 KW.
Asked whether the government had enough infrastructure to store the power produced, he said, “The government is working on the infrastructure.”
Tamil Nadu accounts for over 42 per cent of the wind power produced in the country.
Source: Press Trust of India
Natgrp: Current outstandings on wind invoices are now 14 months and above (we have independently validated this from 2 wind developers with farms in TN), which makes the state a risky proposition. While this offer may sound good, cash flows will be severely impacted if not taken into account.