The Indian Wind Turbine Manufacturers Association has urged Chief Minister Jayalalithaa to ensure that the banking facility, now enjoyed by wind energy producers, is retained.
In a representation addressed to the Chief Minister, the Association secretary general D.V. Giri stated that the role of wind energy industry in the overall energy scenario of the State was significant, especially during May-September with the maximum generation.
Historically, investments which had come from the private sector and power intensive units such as cement, and textile had made their investment not only fro power generation but also for captive use.
During the months of high generation, production was more than demand and the facility was in vogue for banking power with five per cent charges.
The Tamil Nadu Generation and Distribution Corporation had contended that the banking facility did place financial strain on it. “One has to look from the macro level of power generation and self sufficiency, instead of calling off the facility,” he said, seeking the Chief Minister’s urgent intervention in view of the likelihood of the Tamil Nadu Electricity Regulatory Commission issuing an order on this matter this week.