Tuesday, March 01, 2005

Vestas Expands In India

Vestas plans 300 MW capacity addition, new plant in Chennai:
[India News]: Kolkata, Feb 27 : Vestas RRB India Ltd, a leading player in wind power generation in India, was planning a capacity addition of 300-400 MW while aiming a turnover of about Rs 1,000 crore in 2005-6.The Indo-Danish joint venture, which has already installed over 1,000 wind power generation units generating about 350 MW of power, planned a capacity addition of another 300-400 MW by next year, company managing director Rakesh Bakshi told PTI here.Given the enormous potential of wind power generation in India, ''we are also planning to set up a new plant in Chennai to manufacture blades and controllers (of wind electric generators) at an investment of Rs 35 crore,'' Bakshi said.The company, a 51:49 JV between RRB Consultants and Engineers Pvt Ltd, India and Vestas Wind Systems A/S of Denmark, expected to garner a turnover of Rs 600 crore in 2004-5 while aiming to exceed Rs 1,000 crore next year following the capacity addition.The company's new wind power projects would come up in Tamil Nadu, Gujarat, Karnataka, Rajasthan and Kerala.Bakshi, though optimistic about India's potential to become a 'super power' in renewable energy sector, clamoured for a national policy and legislation to attract private investment.''The potential for wind power generation in the country is estimated at 45,000 MW while installed capacity is only 3,000 MW. There exists a huge gap in between, mainly due to the absence of a national policy or legislation for the renewable energy sector,'' he said. PTI