Bhoruka Power Corporation plans to put up a 50-MW wind farm near Belgaum, Karnataka, Managing Director, S. Chandrasekhar, told Business Line . The project will cost Rs 412 crore and will go on stream in the first quarter of 2014.
Bangalore-headquartered Bhoruka Power is among the leading renewable energy companies in India with a total capacity of 150 MW, of which 110 MW is small hydro and the rest, wind.
Yesterday, GE, which supplied wind turbines to Bhoruka’s 25.5-MW wind farm in Karnataka, announced the commissioning of the farm. The Rs 180-crore project will generate 62 million units of electricity a year.
Bhoruka sells the power to Hubli Electricity Distribution Company at Rs 3.70 a unit under a 20-year power purchase agreement.
The 25.5-MW farm, which was completed yesterday, is a part of the 40-MW wind power assets the company has.
Bhoruka Power has been debt-funded by DEG of Germany and Axis Bank.
ramesh.m@thehindu.co.in
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