OGPL was founded by SEPC in October, 2006 along with Bessemer Venture Partners, with the objective of owning and operating a portfolio of renewable energy projects. The strategy for OGPL is to own assets and also act as the holding company for subsidiaries that each own and operate power generation projects based on renewable sources. OGPL will increase its capacity through the organic route as well as through strategic acquisitions. Apart from the sustainable revenues from power generation, the Company expects to profit from the sale of CERs.
The company today reported that it has, through its subsidiary Beta Wind Farms Ltd., synchronised a Wind Farm of 18.7 MW capacity with the state grid of Tamil Nadu. This Wind Farm is located at Gudimangalam in the Tiruppur District of Tamil Nadu. With the addition of this Wind Farm, OGPL has an operating capacity of 172 MW of Wind Energy in Tamil Nadu making it one of the leading Wind IPPs in the State. OGPL’s total operating capacity in India comprising both Wind and Biomass Power is 248.5 MW.
The synchronising of this Wind Farm follows the 10MW Biomass Plant commissioned last week near Pollachi in Coimbatore District in Tamil Nadu. The Company also has a strong portfolio of projects in progress and expects to synchronise 40MW of additional capacity over the next few weeks.
Mr. P Krishnakumar, Managing Director – Orient Green Power Company Limited, said, “We are very pleased to announce synchronising of two projects in the space of a few days. Our capacity addition plans have gained momentum and there are a significant projects in progress which will take our renewable energy capacity in Tamilnadu to 342 Mw by end of this financial year.
We are equally delighted to extend our support to the Tamil Nadu Government to curb the power shortage problem that the State is currently facing. This capacity addition will lead to enhanced availability of power especially in the Tiruppur district, which comprises a large proportion of industrial and SME consumers.”