Wind energy in India – Techno Electric order 125 MW wind farm

Simran Wind Project Pvt. Ltd., the 100% subsidiary of TEECL, embarked the wind turbines project by commissioning 15 MW of wind power on March 31, 2011 in the state of Tamil Nadu. The 125 MW wind farm which is as per of schedule is set for completion by June 2011. The total cost for phase I of the wind farm will be about Rs 700 crore with a debt-equity ratio of 1.8:1. The debt financing is being done by IFC Washington, Standard Chartered & DBS.

The PPA for 15 MW has been executed with the Tamil Nadu Generation & Distribution Company (TANGEDCO) under the REC scheme. The REC scheme has been successfully implemented as per the Central Electricity Regulatory Commission (CERC) & is trading at the power exchanges from its inaugural trading session on 30th March 2011.

TEECL owns 95.45 MW of wind power assets in the country and plans to expand wind energy capacity to 300 MW by 2012 and 1,250 MW by 2017. Simran Wind Projects Pvt Ltd., a wholly owned subsidiary of Techno Electric & Engineering Company has an installed capacity of 50.45 MW of wind power. The company’s existing wind farm capacity has been successfully registered on February 19th, 2011 with UNFCC for 50,000 CER’s.