According to reports, the Kolkata-headquartered Rs 3500 crore Shyam Group with diverse interest in steel, ferro alloys, cement and power, has now joined hands with Gamesa of Spain, to foray into non-conventional energy and set up wind power projects across Maharashtra, Rajasthan and Tamil Nadu with a total initial capacity of 100 MW, with provisions to ramp up further in future. The company has recently commissioned the first phase of its 1.1 MTPA integrated steel plant at Jamuria, Burdwan on a 400 acre of privately acquired land.
Disclosing this, Brij Bhushan, Vice Chairman & Managing Director of the company told FC, “We have drawn up an ambitious plan of making our marks in hydel and non-conventional power across the country, coughing up nearly Rs 900 crore from our coffer by 2016-17. Out of this, close to Rs 500 crore will be pumped into first three wind power projects which will be completed by 2014-15. This is our response to the call of the century and issues of global warming.”
Shyam Energy, an arm of the Group, is already in advanced stage of construction and commissioning the 6 MW hydel power project- (CHEL II) in Darjeeling. It is also putting up a 8MW power plant (biomass-based) in Burdwan, which is the largest of its kind in the state. The first phase of the Maharashtra wind power will be commissioned in March 2012.