State-owned Oil and Natural Gas Corp (ONGC) started its maiden renewable venture at Surajbari near Bhuj in Kutch, Gujarat on 6th September 2008, when its wind farm was inaugurated by the Navratna company’s Chairman & Managing Director Mr. R.S.Sharma.
The project was a 51 MW turnkey project comprising of 34 Suzlon S82-1.5 MW turbine.
The wind-farm was brought up by ONGC at an investment of around Rs. 308 crore. Work on this project, executed by Suzlon.
The power generated is wheeled through the Gujarat State Electricity grid and being consumed by ONGC’s centres at Anklesvar, Ahmedabad, Mehsana and Vadodara.
ONGC had also got the 51 MW Wind project in at Surajbari in Kutch district of Gujarat registered with United Nations Framework Convention (UNFCC).
This was ONGC’s sixth CDM project and first in its renewable energy sector.The project is estimated to accrue Certified Emission Reduction (CER) of 85,762 for a period of 21 years, with an estimated earning of around Rs 6.69 Crore per annum.
Since, in August last year, Minister of State for Petroleum and Natural Gas Jitin Prasada had said in the Lok Sabha “ONGC proposes to set up 102 megawatt (MW) capacity wind power project in Rajasthan at an estimated cost of Rs 650 crore.”
He further had said that,ONGC was also examining the feasibility of setting up a 501-MW grid connected solar power photovoltaic (PV) project in Gujarat and Rajasthan and some of its own installations.
“No time limit has been fixed to finalise the project. However, it would be ONGC’s endeavour to finalise the project at the earliest,” he said.
Now according to Financial Chronicle, a senior ONGC official has told them that the company’s board has decided to spend Rs 818 crore and set up a 100-megawatt wind power project in Rajasthan.“ONGC will come out with global tenders for setting up the project in few months. The project will take 18 months to take off after contracts are signed,” he added.ONGC chairman A K Hazarika also confirmed the development to Financial Chornicle.