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MTNL plans to set up wind power plant in Maharashtra at an intial investment of over Rs 1 bn

Wind energy has witnessed a lot of activity in recent times in India. Panchabuta, has earlier talked about the  Generation Based Incentives (GBI) scheme for grid connected wind power projects with the objective of broadening the investors base by attracting FDI and independent power producers.

As readers of Panchabuta are aware, India had 11,800 MW of wind power installed at the end of March 2010 according to the Indian Wind Energy Association, making it the world’s fifth largest wind power market.

The  installation  in India being range bound  between 1470-1750MW  a year over the last five years and the installed capacity for 2009-10 was around 1565MW. This year the expected capacity is close to around 2200MW according to officials and around 450 MW is expected to be covered under GBI.

As readers are aware, a number of manufacturers have announced big expansion plans in manufacturing capacity in India  and research reports indicate, that cumulative installed capacities will advance at a CAGR of 14% during FY 2011-FY 2014.

According to reports, state-run telecom player Mahanagar Telephone Nigam Ltd (MTNL) plans to set up a wind power plant in Maharashtra.

The company will soon appoint a consultant for carrying out a feasibility report over its proposed power plant. A senior official from MTNL confirmed the development and said the consultant would work out all the details with regard to setting up of the plant till commissioning.

Though, the consultant will only give the telecom PSU an estimate over the investment for the plant, the company’s initial calculations show that it will over Rs 100 crore in the initial phase. The capacity as well the location of the plant will be decided after the report. The company will soon invite bids for appointment of a consultant, which will have to submit a bid within eight weeks of award of work, the official added.

MTNL is yet to assess the wind energy potential in the Maharashtra region, its market and major players as well the competition. The report will analyse all the aspects, including financial feasibility, for setting up the wind power plant. A final call over the planned plant will be taken only the after the feasibility report, the official added.

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