IPCL's 32 percent gross revenue growth from wind power

India Power Corporation Limited (IPCL) -- an integrated power generation and distribution company -- has registered a 32 percent growth in gross revenue in wind power generation from Rs.49.21 crore in 2012-13 to Rs.64.77 crore in 2013-14, a top official said here Saturday.

"Wind power generation capacity of 95.2 MW recorded a growth in gross revenue from Rs.49.21 crore in 2012-13 to Rs.64.77 crore in 2013-14, a near 32 percent rise, and we are quite hopeful of improving further the performance of this vertical," company chairman Hemant Kanoria said at its 94th annual general meeting here.

In 2013-14, IPCL procured 0.727 million units of solar power from Seebpore unit of West Bengal Green Energy Corporation or about 0.07 percent of the total power requirement of the company in its distribution command area.

Procurement cost of solar power was pegged at about Rs.5 per unit, but being a small component of its total power requirement in its command area, IPCL has been able to neutralise its impact to negligible on tariffs.

The company has a thermal power plant at Dishergarh in West Bengal, wind assets in Rajasthan, Gujarat and Karnataka, a solar power plant in Asansol and an upcoming thermal power plant in Haldia, West Bengal.

It has plans to set up thermal power projects in Bihar, Gujarat and Madhya Pradesh, in a bid to scale up its generation portfolio to 10,000 MW in the coming years.