Orient Green setting up 50 Mw wind power plant in Gujarat

Shriram EPC Ltd promoted Orient Green Power Company Limited (OGP), which is entering the capital market with its initial public offer (IPO) on September 21, is in the process of setting up 50 Mw wind power project in Gujarat.

“The company has identified Amreli district in Gujarat for 50 Mw wind power project, which it expects to go on stream in fiscal 2012-13. The company has already started the work on the project,” said T Shivaraman, vice-chairman and CEO, Orient Green Power, who was here in Ahmedabad today in connection with company’s public issue.

In addition to 50 Mw plant, the company is also considering 100 Mw wind power projects in the state, for which it is yet to finalise a suitable location. OGP, one of the largest independent operator and developer of renewable energy power plants in India, aims to achieve installed capacity of 1049 Mw by the year 2013.

 

At present, the company’s portfolio includes biomass,biogas, wind energy and small hydro power projects and its current installed capacity stands at 213.03 Mw.

OGP is busy executing 4 wind and 6 biomass projects in the country. In order to fund the project, the company hopes to raise Rs 900 crore from the primary market.

The company is also eyeing 100 Mw wind farm in Sri Lanka. Eastern European countries such as Croatia, Czech Republic and Hungary are also on company's radar for wind power projects.