The company stated that at the beginning of the financial year in 2010, it has not been able to source adequate solar energy to the targets set by the government.
Thursday, December 26, 2013: On 23 October this year, Tata Power had filed a petition asking for exemption from penalties for not meeting its renewable energy obligations in the state of Maharashtra. The petition was filed to Maharashtra Electricity Regulatory Commission (MERC) . The commission, reportedly, ruled to waive penalties for solar power procurement targets.
The company stated that at the beginning of the financial year in 2010, it has not been able to source adequate solar energy to the targets set by the government. It claimed that there is an “inherent shortage of solar generating capacity” in India.
According to a PC-Tech report, from 2010 to 2013 financial year, the company accumulated a solar shortfall of 35.35 million kWh, while the state targets require 3.5GW of solar generation, when only 1.44GW is available.
A hearing was held by MERC on 4 December where it ruled Tata Power had only been able to meet 12 per cent of solar targets owing to the shortfall, ordering for the penalty to be waivered.
