KSK Energy Ventures, India was started in February 2001 to exploit emerging opportunities in the Indian power sector and have since focused its strategy on the private sector power development market, undertaking entire gamut of development, investment, construction, operation and maintenance of power plants with supplies initially to heavy industrials operating in India and now branching out to cater to the needs of utilities and others in the wider Indian power sector.
Panchabuta had earlier mentioned that the company intends to procure 250 MW of wind turbines from Dongfang Electric Corporation Ltd of China. The companies were to sign a contract on December 15, 2010 in New Delhi during the visit of the Chinese Prime Minister, Mr Wen Jiaban, to India. The contract was since signed according to this report. The report further adds that the Hyderabad-based company plans to increase its wind power capacity almost six-fold to 300 megawatts by 2011 from 52 megawatts currently.
According to a release today, Shanghai Electric had signed an agreement with KSK Energy of India to export 125 units of 2MW wind turbines to India, an executive of the Shanghai-based company, who declined to be named, said Sunday.
Shanghai Electric is one of the largest competitors to Dongfang.
This indicates that Shanghai Electric is marching into the world wind power market on a large-scale, the executive said.
To tap the emerging new energy business, Shanghai Electric set up a wind power equipment manufacturing branch in 2006. It is able to produce 1.25MW wind turbines with Germany’s Dewind technology, 2MW wind turbines with Germany’s Aerodyn technology, and independently designed 3.6MW offshore wind turbines.
India is expected to become a major destination of the company’s export strategy, absorbing one half of its exports, including thermal power units and wind turbines.
As readers of Panchabuta might be aware, Sinovel the largest wind turbine manufacturer has also made a silent entry into India last year with a couple of wind farm installations.
As demand grows in the Indian market, the market is getting highly competitive. The customer segment is gradually changing with about 40-50% of the installed capacity being IPP last year and this is further expected to grow this year. It will be interesting to see how this growing competition and entry of Chinese manufacturers affect pricing and how the Indian IPP will accept the Chinese turbines that are entering the market.