According to reports, Bhoruka Power Corporation plans to put up a 50-MW wind farm near Belgaum, Karnataka, Managing Director, S. Chandrasekhar, told Business Line. The project will cost Rs 412 crore and will go on stream in the first quarter of 2014.
Bangalore-headquartered Bhoruka Power is among the leading renewable energy companies in India with a total capacity of 150 MW, of which 110 MW is small hydro and the rest, wind.
Yesterday, GE, which supplied wind turbines to Bhoruka’s 25.5-MW wind farm in Karnataka, announced the commissioning of the farm. The Rs 180-crore project will generate 62 million units of electricity a year.
Bhoruka sells the power to Hubli Electricity Distribution Company at Rs 3.70 a unit under a 20-year power purchase agreement.
The 25.5-MW farm, which was completed yesterday, is a part of the 40-MW wind power assets the company has.
Bhoruka Power has been debt-funded by DEG of Germany and Axis Bank.