Business Daily from THE HINDU group of publications
Thursday, Aug 21, 2008
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Business Daily from THE HINDU group of publications Thursday, Aug 21, 2008 ePaper | Mobile/PDA Version | Audio |
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Power Corporate - Outlook Nuclear Power eyes alternative energy sectors The company hopes to ramp-up wind energy capacity to 50 MW at its Koodankulam site, besides charting out plans for wind farms. Anil Sasi New Delhi, Aug. 20 The action may well be hotting up in the nuclear space, but with the liberalisation of nuclear power sector on the cards, Nuclear Power Corporation (NPCIL) — the country’s monopoly atomic power generator — is clearly working overtime to get a foothold in alternative energy sectors. NPCIL, which kicked off its entry into the wind energy sector with a 10-MW wind farm operational at its upcoming Koodankulam power project site, is looking to avail itself of carbon credits for the projects, for which it is in the process of shortlisting consultants. The company, which has announced an entry into hydro power through two separate joint ventures, hopes to ramp-up wind energy capacity to 50 MW at the Koodankulam site, besides charting out plans for wind farms at upcoming coastal sites that are under consideration for housing imported light water reactors in the future, official sources said. Diversification plans“With the progress on the Indo-US nuclear deal, a liberalised nuclear power market over the coming years is a distinct possibility. NPCIL would like to get a foothold in other energy sectors in coming years to emerge as a diversified player in the power sector. The Koodankulam site was in a wind tunnel and thereby provided an opportunity (to enter wind power). We are in the process of selecting a consultant to get carbon credits for the wind farm,” an official involved in the process said. The utility is setting up two 1,000-MWe (mega watts electrical) units at the Koodankulam site, with plans to expand the project with two more reactors. NPCIL had last year announced plans to enter the hydro power sector. The nuclear player has kicked off its foray into the sector by jointly developing two pumped storage schemes in Maharashtra, with cumulative investments of nearly Rs 3,000 crore, in partnership with Tehri Hydro Development Corporation (THDC). Tehri Hydro alliance“NPCIL would initially restrict its involvement to offering financial assistance in the Maharashtra projects, while THDC would provide the technical expertise. The NPCIL-THDC alliance is expected to be extended to other hydro projects as well,” an official involved in the exercise said. More Stories on : Power | Outlook | Non-conventional Energy
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