The Electricity Act, 2003, paves way for an innovative approach to solve our country’s power problems. It has paved the way for a competitive environment; open access to existing transmission & distribution network to transmit electricity across regions, de-licensing of generation, captive power & dedicated transmission lines, licensing of distribution & supply companies & the restructuring of State Electricity Boards.
The Ministry of Power has a mandate to promote co-generation & renewable sources for Power generation under Nodal agencies & hence it will play a major role in mainstreaming renewable energy sector. The advantage of renewable resources includes their capacity to produce energy without producing carbon-based warming & polluting agents into the atmosphere. The financial cost of its applications is not always cheap but if the environmental costs of using fossil are accounted for, renewable energy wins hands-down. There are also indirect savings on health & its costs as there are no harmful emissions.
In the above backdrop, AP Transco had in December’2012 announced a state wide bid process for setting up of targeted 1000 MW of Solar Power & this was opened for participation by all registered Companies with requisite commercial criteria.
STARLITE GLOBAL ENTERPRISES (INDIA) LTD had also participated in this bid for setting up of a 3 MW Solar Power Plant at Sadashivpet Village, District Medak. Subsequently, AP Transco accepted their bid in June’2013 & in July 2015, the Company commenced Commercial Generation of 3MW Solar Power to the State Grid on a daily basis & continues to do so. About 460 Tonnes of Carbon Dioxide generation is saved on a monthly basis by this Project.
The Company is now poised to setup more Solar Power Plants as & when the Government bidding opens up.