Financial Daily from THE HINDU group of publications Thursday, May 18, 2006 |
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Non-conventional Energy Corporate - New Projects States - Kerala Suzlon plans Rs 550-cr wind power projects in Kerala Rahul Wadke
NON-CONVENTIONAL PUSH: Wind mill farms set up by Suzlon Energy in Tamil Nadu.
Mumbai , May 16 Suzlon Energy Ltd (SEL) is planning a Rs 550-crore investment in wind power generation in Kerala. SEL would invest around Rs 100 crore towards manpower and machinery for the wind farms. The rest of the funds would be raised from investors, Mr Tulsi Tanti, Chairman and Managing Director, said. Sites in Idukki and Palakad district have been identified for setting up the wind farms. The total project capacity would be of 100 MW, Mr Tanti said. Mr Tanti said that he was hopeful of getting the necessary clearances from the Kerala Government in the current fiscal. The power generated from these projects would be offered to the local industries and the State electricity board, he said. "The perception about wind energy is changing in Kerala. The State Government also understands its benefits," he said. He pointed out the example of the textile industry at Tirupur in Tamil Nadu as one of the beneficiaries of wind energy investment. "Just across the border from Kerala is the textile centre of Tirupur in Tamil Nadu having an annual turnover of Rs 6,000 crore per annum. Textile-based companies from Tirupur have achieved high growth rate and large export orders due to their investment in wind energy sector. It helps them reduce their power cost dramatically," Mr Tanti said. The Kerala Government has conducted detailed studies and resource assessments at 21 different locations in Kerala, with the assistance from the Union Ministry of Non-conventional Energy Sources. Out of 21 sites, 16 sites are feasible sites with mean annual wind power density of more than 150 watts/m2 (or the wind speed is above 15 km/hr) and were identified as wind potential areas. The total feasible wind potential of the State is estimated as around 605 MW. Suzlon controls over 53 per cent market share in the country. At the end of 2005 Suzlon had cumulative sales of 1,634 MW, against country's cumulative installation of 4,500 MW. Shares of Suzlon gained by Rs 16.55 to Rs 1,219.70 in Wednesday's trade on BSE.
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