You are here: Home » Companies » News
Business Standard

HK firm to build $125 mn wind farm in Gujarat

Bloomberg  |  Mumbai 

CLP Holdings, Hong Kong's biggest power utility, will build a $125 million wind farm in India in association with Enercon (India) to tap rising energy demand in India.
The will build a wind farm in Gujarat with a capacity of 100.8 mw, CLP said in an e- mailed statement today. Construction of the plant will start in November with completion scheduled for January 2009, it said.
CLP, a 106-year-old business controlled by the family of Chairman Michael Kadoorie, is expanding abroad to counter slowing earnings growth in Hong Kong. The company is investing in renewable energy projects, focusing on wind, hydel and biomass, in India, China and Australia. "The project reinforces CLP's commitment to growing our position as a leading Indian power producer through CLP India,'' Chief Executive Office Andrew Brandler said in the statement.
Roaring 40s Renewable Energy Pty, CLP's joint venture with Hydro Tasmania, in May signed an agreement with Enercon, a wind turbine manufacturer, to build another wind farm project in Khandke (Maharashtra). The 50.4 mw plant costing $80 million is scheduled to start operating in December.
The project in Gujarat would increase CLP's renewable energy portfolio to about 4.4 per cent of its total generating capacity, the company said. CLP wants to expand its share to 5 per cent by 2010.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, August 07 2007. 00:00 IST