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250 MW Wind power project at Dharapuram, TN, to get funded and Finnish design from Winwind Power Energy

Suryachakra Power Corporation Ltd has informed BSE that Suryachakra Green Power Pvt Ltd (‘SGPPL’), a Suryachakra Group Company has entered into MOU with Winwind Power Energy Private Ltd., (WPEPL) for setting up a Wind Energy Project with 250 MW Capacity at Dharapuram, Tamilnadu.

The following are the salient features of the MoU:

1. WPEPL will bring technology from their principal, Finland who have supplied their 1 MW Wind Energy Generators (WEGs) to many countries in the World. (Already around 80 MW of WEGs are under operation in India.)

2. WPEPL has secured the land identified with potential wind data, validate / confirm the wind energy generation projections and facilitate the transfer of the land to SGPPL.

3. WPEPL shall offer a comprehensive Operation and Maintenance (O&M) of the project for 10 years after completion of the 1 year warranty period.

4. WPEPL shall extend necessary support to SGPPL to secure Carbon Development Mechanism (CDM) benefits, Generation Based Incentive (GBI) benefits and other related benefits available.

5. WPEPL shown interest in participation of the project to the extent of 20% of equity.

WPEPL is also assisting the group in sourcing 60% of the required debt from E.U. Financial Institutions and the discussions are in advanced stage.
Link : http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=444634

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1 Response to " 250 MW Wind power project at Dharapuram, TN, to get funded and Finnish design from Winwind Power Energy "

  1. I heartily congradulate both the promoter and the collaborator on this venture and wish them all success. Iam a native of Dharapuram and retired as the Member of TNERC. This project has tremendous potential, since Vayu Bhagavan himself is there in more than ten locations.right across Palghat pass there will be yearful of wind to bless the project. Welcome to Dharapuram. D.S. Hanumantha rao, Former Member, TNERC

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