Inox Wind Limited (IWL), a subsidiary of Gujarat Fluorochemicals Limited, on Thursday said that the company has been awarded two wind-farm project contracts of 54 Mega Watt (Mw) and 118 MW in Gujarat and Rajasthan respectively by Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of the Tata Power Company Limited.
The agreements signed between IWL and TPREL require the former to supply, erect and commission 86 units of its two MW wind turbine generators (WTGs) in Gujarat and Rajasthan, a company statement said.
The Gujarat project, located near Rojmal village in Bhavnagar district, is to be completed by June 2015 while the Rajasthan project, located near Dangri village in Jaisalmer district, is to be completed in two stages, by March 2016.
IWL, the statement said, would be responsible for site acquisition, project development, erection and commissioning, apart from providing long-term operations and maintenance of wind power projects.
Speaking on the development, Kailash Tarachandani, Chief Executive Officer (CEO), Inox Wind Ltd., said, “Inox takes immense pride in partnering with Tata Power in further expanding its sizeable wind energy footprint in India. This deal demonstrates the potential that India holds for wind energy and Inox’s growing presence in the sector.”
Stating that the contract is another milestone for Inox's business in India, he said, “Through comprehensive capabilities across the wind energy value chain and an endeavour to provide end-to-end solutions, we will assist Tata Power in growing their wind energy portfolio in the country.”
Rahul Shah, CEO, TPREL, said, “With the conventional power sector suffering from severe shortage of fossil fuels, renewable sources of energy have assumed greater importance towards ensuring energy security. Tata Power believes that India’s wind energy resources are largely untapped and have great potential to reduce the demand supply gap. The projects reinforce our commitment to add 150-200 MW every year and going by the new government’s outlook on the renewable energy space in the country, we are confident of sustaining our growth in the sector.”
Tata Power's wind portfolio is spread across Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu. While, IWL is among the country's leading wind power solutions provider servicing amongst others, large corporates, IPPs, and PSUs.