"In accordance with the Vision 2023 document provided by Amma to meet the economic and social objectives, a New Energy Policy will be formulated," he said.
The Vision 2023 document is an ambitious proposal made by Jayalalithaa in 2012, with an aim to ensure manifold economic growth through various sectors.
Palaniswami further said the the state's 'Solar Policy 2012' would also be revised. According to the Vision 2023 document, the aim was to achieve 8884 MW of solar power.
Further, state-run TANGEDCO would join hands with Solar Energy Corporation of India to establish, on the basis of feasibility, floating solar sub-stations in different reservoirs in the state at a cost of Rs 1,125 crore, he said.
Among others, Palaniswami announced setting up 25 sub-stations at an estimated Rs 5,068 crore across in various parts of the state to give a fillip to the power sector.
The Chief Minister also made a number of other announcements concerning the departments of Municipal Administration and Drinking Water Supply and Rural Development.
These included solid waste management programmes, construction of percolation pits in various places, road repair and upgradation works, drinking water initiatives and provision of loans to women Self-Help Groups for their upliftment.
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