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Techno Electric’s 207.35 MW of installed wind capacity contributes to higher revenues

Techno Electric and Engineering Company Limited (TEECL) along with its subsidiary Simran owns 207.35 MW of wind energy assets in Tamil Nadu & Karnataka and plans to expand capacity to 1,250 MW by 2020. TEECL’s 33 MW has been registered under UN’s Clean Development Mechanism with capacity to generate 77,500 CERs annually. TEECL in a JV owns a 400 KV, 100 km long Transmission System from Rohtak to Sonepat with 2 No. Sub‐Stations of 400/220 KV of 24 Bays each. The project is the first ever Viability Gap Funded project in the country.

Simran Wind Project Pvt Ltd. (Simran) is a subsidiary of Techno Electric and Engineering Company Ltd.  IFC Washington, the lending arm of the World Bank, holds a 3.38% stake in Simran. Simran has an installed wind energy generation capacity of 162.35 MW. It is the first project developer in the country to have won accreditation for more than 100 MW for its wind generation project under the REC Scheme. Simran’s 119.4 MW of existing capacity has been successfully registered with the Indian Renewable Energy Development Agency (IREDA) for GBI benefits. Of the existing capacity, 21 MW has been registered under UN’s Clean Development Mechanism with capacity to generate 50,000 CERs annually.

The total wind capacity of 207.35 MW generated 145.74 million units of energy against 83.87 million units in Q1FY12. The segment saw a significant increase in revenues during this quarter due to incremental wind capacity as against last year. Revenue from the segment was up 107.98% to Rs 58.47 crore from    Rs 28.11 crore in the corresponding quarter from the previous year.

 

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