Search

Home » Wind » GAIL to set up over 115 MW of wind power projects at an investment of nearly Rs 7 billion in FY12

GAIL to set up over 115 MW of wind power projects at an investment of nearly Rs 7 billion in FY12

In June this year, Gas transmission and marketing company, Gail (India), had mentioned that it had decided to foray into commercial generation of wind energy. The company announced plans to set up 100 megawatt (mw) of wind energy generator (WEG) spread over Tamil Nadu and Karnataka in the present financial year.

As per the proposal discussed by Gail board in May this year, four modules of 25 mw each will be installed in two southern states with an investment of Rs 616 crore. The company plans to commission the project in this financial year to avail income tax benefits under section 80IA of the Income Tax Act 1961.

Last month  GAIL India Ltd,  placed a 14.7 MW order comprising seven units of Suzlon’s S88 – 2.1 MW wind turbines, to be commissioned in Gujarat within six months. This is the second wind energy project order placed by GAIL with Suzlon.

According to reports, the company aims to foray further into gas-based power, renewable power and unconventional energy sources like shale gas, CBM and coal gas. During the current fiscal GAIL will set up over 115 MW of wind based renewable power projects at an investment of nearly Rs 700 crore in various states, Mr B.C. Tripathi, Chairman and Managing Director, GAIL said.

“Thrust would also be given to seeding investment in emerging technologies like fuel cells and hydrogen etc, through pilot projects,” he said.

Comments are closed.

Scroll To Top