NTPC plans wind power plants
NTPC Ltd is planning a foray into wind power with an investment of more than INR 1,200 crore to diversify into the renewable energy market. Mr T Sankaralingam CMD of NTPC said that "We are looking at wind energy projects with a total capacity of 200MW to 250 MW. This would require an investment of over INR 1,200 crore."
Mr Sankaralingam said the company was scouting for sites and the entire capacity could be set up in a single location and would be working with Asian Development Bank and may also rope in a private partner for the new venture. He added that "We may set up a joint venture. We are in the process of working out details regarding the equity structure."
NTPC, which has an installed capacity of more than 26,000 MW entirely on coal or gas, has been looking to diversify into other energy sources and is already working on hydroelectric projects, besides a few small biomass plants.
India is the world's 4th largest wind energy producer with an installed capacity of more than 7,000 MW, behind only Germany, Spain and the United States.
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