To be able to achieve this the country needs to address financial stress being faced by discoms," said Ratul Puri, chairman at Hindustan Power . Solar power developers say grid connection and evacuation is a big issue. "In Tamil Nadu some solar projects are being asked to back down about 50 per cent of generation without compensation. The state is opting for cheaper power from the exchanges instead of honouring solar power purchase agreements it signed," said an analyst from the solar power segment. "Tamil Nadu's power distribution companies are unpredictable with payment delays and curtailment," the person said.Sunil Jain, chief executive officer at Hero Future Energies, said, "Influx of cheap hydropower has resulted in a decline of Rs 2 per unit of power on power exchanges.

Source: Economic Times September 19, 2016 02:48 UTC