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Web Exclusive | July 2013

Welspun says solar power tariff to match thermal by 2016

Welspun Energy, the country’s largest solar energy major, will have 250 mw of solar facility online by end-December, besides 50 mw of wind power. The company has 111 mw of solar and wind power operational capacity. It has over 1,000 mw under development, with a target of putting up 1,400 mw across eight states by 2016 at an investment of over Rs 15,000 crore. Welspun is confident that the present solar tariffs will match conventional energy rates by 2016 and make green power the most sought after in the years to come.

Vineet Mittal, Managing Director, Welspun Energy says that solar power unit rates are lower than the retail tariff of Rs 12-plus a unit for over 1,000-unit consumption in Maharashtra and Gujarat. Power distribution utilities in these States purchase thermal power between Rs 3.50 and Rs 6. However, the regulated tariff structure is designed to make big consumers pay more to subsidise the lower strata and ensure that the distribution entities get their return on investment.

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