Earlier this year, wind power technology major Gamesa is in the process of setting up a third plant, which will manufacture nacelles at Mamandur, near Chennai.
The Mamandur plant is also part of Rs.750-crore investment of Gamesa on its India operations. An assembly plant in Red Hills, on the outskirts of Chennai, and one making blades at a 110 acre site in Vadodara, Gujarat, are the other manufacturing facilities of the company in the country.
Mr. Ramesh Kymal, Chairman and Managing Director of Gamesa Wind Turbines Pvt Ltd, a wholly-owned subsidiary of the Euro 3.6 billion Gamesa group of Spain, then said the company offered products suited to the Indian conditions. The decision to set up another plant, he added, was in tune with its objective to increase the share of indigenous components. “We are looking at 60-65 per cent indigenisation to keep the cost under control and also reduce the risk of exchange rate fluctuation,” he said, adding that a major strength of the company was its focus on prompt, round-the-clock service.
According to reports, Gamesa Corp. (GAM) Tecnologica SA will invest 2 billion rupees to build a new wind turbine factory in the southern Indian city of Chennai, Ramesh Kymal, head of its local unit, told reporters in Mumbai today. The plant will have an annual capacity of 1,500 megawatts.