Companies

CLP India bets big on wind power

PTI Mumbai | Updated on March 07, 2011

Private power player, CLP India, plans to enhance its wind power portfolio by 200-300 MW every year over the next three years and is besides mulling an entry into solar power in the next two years, a top company official said.

CLP India, which owns and operates a 655 MW gas power plant near Bharuch in Gujarat, has already obtained approval to expand this by 1,000 MW and is presently awaiting allocation of gas for the project, the official said.

“Our plan is to increase our wind energy portfolio by 200-300 MW every year over the next three-years. We are also mulling an entry into solar power in the next year or two,” CLP India’s Managing Director, Mr Rajiv Mishra, told PTI here.

The company on Monday announced its decision to develop two new wind farms - in Rajasthan and Andhra Pradesh - of 102.4 MW and 50.4 MW, respectively.

CLP has entered into agreements with major wind turbine-manufacturer, Enercon India, to develop the greenfield projects. “With these two, our total wind portfolio will rise to close to 640 MW,” Mr Mishra said.

While he would not quantify the investment in the two projects, Mr Mishra said that normally it costs between USD 1.1-1.3 million for a megawatt.

The company is also interested in solar power and could enter the segment going forward, Mr Mishra said.

Published on March 07, 2011

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