According to reports, Tamil Nadu’s crippling power problems is prompting some of its bigger industrial players to look for off-the-grid alternatives. The latest to “contemplate” such alternative sources of power is Hyundai Motor India. The company is “actively considering the solar option which is at a planning stage right now,” said Sanjay Pillai, vice president HR, HMI. “The study is still going on right now.’
According to the Tamil Nadu government mandated policy, industrial power consumers in the state will need to either buy alternative power from a third party or buy certificates or produce alternative power for themselves to make up for the grid shortfall. “Hyundai Motor Company has capability in solar power for instance. Right now it’s the vendors who are really squeezed…we are studying all options,” said Pillai.
Parent HMC’s Asan factory in Korea has just initiated some solar power initiatives. The Korean government has supported the installation of solar roofs in that plant and top company executives said similar options are being reviewed for India as well though nothing has been decided so far.