Techno Electric commences with 15 MW wind energy
Techno Electric & Engineering Company (TEECL) has commenced the first phase of the 125 MW wind energy generation project. Simran Wind Project, the 100 per cent subsidiary of TEECL, embarked on the project by commissioning 15 MW of wind energy generation in March in Tamil Nadu. The 125 MW project which is as per of schedule is set for completion by June 2011. The total cost for Phase I of the project will be about Rs 700 crore with a debt-equity ratio of 1.8:1. Out of the existing capacity, 7.5 MW has been registered with Indian Renewable Energy Development Agency (IREDA) for generation-based incentives (GBI).
Commenting on the development, PP Gupta, MD, TEECL, said, "The non-conventional energy sector is growing stronger with the implementation of REC mechanism and is trading on power exchanges. This will attract more investments into non-conventional energy generation."
Tel: 033- 22254671/4472