Companies

Techno Electric diversifies into bio-mass

Pratim Ranjan Bose Kolkata | Updated on June 06, 2011 Published on June 06, 2011

Kolkata-based company to strengthen presence in transmission too





The Kolkata-headquartered power sector EPC contractor Techno Electric & Engineering Company Ltd is steadily increasing its presence across the power sector value chain.

Having forayed into wind power generation in 2009 and transmission business in 2010, the Rs 800-crore group is now eyeing power generation from bio-mass. Plans are also afoot to strengthen its presence in transmission.

“We have acquired land for three bio-mass based projects of 10 MW each at Dinajpur and Birbhum in West Bengal and Phulkhedi near Bhopal in MP. Since the cost of procuring traditional bio-mass (mostly rice husk) from the market is too high, we are planning to engage local farmers in growing high-energy plants (like Napier grass or eucalyptus) to create a captive source of bio-mass,” the Managing Director, Mr P. P. Gupta, told Business Line.

Techno is in discussion with the Vidhan Chandra Krishi Viswa Vidyalay in West Bengal to identify a plantation for the Dinajpur project.

“We have undertaken a pilot study in Dinajpur. Such energy plants can be grown on barren or unutilised land through interested local parties. We hope to bring the estimated Rs 50-crore project on stream in 2014,” he said.

Meanwhile, the company is planning to bid for more transmission projects to be built through the private-public partnership model.

Transmission

The company is currently commissioning the Jhajjar KT Transco Pvt Ltd — an SPV created by Techno (49 per cent) and Kalpataru Power Transmission Ltd (51 per cent) — to carry power from the 1320 MW China Light and Power (P) Ltd at Jhajjar to consumption centres at Rohtak and Sonepat.

The Rs 450-crore project generated EPC business of Rs 210 crore for Techno, over and above the Rs 54-crore annuity income earned for operating the transmission line for 25 years against an equity contribution of Rs 38 crore.

The Rajasthan Government recently floated tenders for two such PPP projects between Babai-Jaipur and Jodhpur-Udaipur.

More such projects are expected to be thrown open by the Tamil Nadu Government, Mr Gupta said.

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Published on June 06, 2011
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