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Indian Wind Power Association (IWPA) seeks Tamil Nadu Chief Minister’s intervention in TANGEDCO payment delays

According to reports, Indian Wind Power Association (IWPA) has written to chief minister Jayalalithaa seeking her intervention in getting its outstanding payment from Tangedco for the power supplied by it.

“Payment to wind energy sold has been unduly delayed for more than a year by Tangedco. Investors are answerable to financial institutions from where they have borrowed money. We request you to order for the monthly disbursement and also for the payment of arrears early, which will improve the confidence of investors,” IWPA chairman K. Kasthoorirangaian said in a letter to the CM.

Urging the state government to take up the issue of reinstating the benefits of accelerated depreciation to wind energy sector with the Centre, Mr Kasthoorirangaian said that the withdrawal of benefit from April 1, this year has started doing the damage.

“There is a sudden fall in the installation of wind mills in the first quarter of 2012-13, which is only 207 MW compared to 800 MW last year. We request you to use your good offices with the Central government to reinstate accelerated depreciation,” he said. He also urged the government to waive the energy consumption tax permanently for pollution-free wind and other renewable energy.

“For improving evacuation of wind power, 400 KV lines from Tirunelveli to western and northern Tamil Nadu is a must. This also calls for a few 400 KV sub stations,” he said.

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