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Suryachakra Green Power forays into wind energy

06 Jun 2011 Evaluate

Suryachakra Power Corporation’s Suryachakra Green Power (SGPPL), a Suryachakra Group Company has entered into MOU with Winwind Power Energy, (WPEPL) for setting up a wind energy project with 250 MW capacity at Dharapuram, Tamil Nadu.

As per the terms of MoU, WPEPL will bring technology from their principal, Finland who has supplied their 1 MW Wind Energy Generators (WEGs) to many countries in the World. (already around 80 MW of WEGs is under operation in India). It 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.

WPEPL shall offer a comprehensive Operation and Maintenance (O&M) of the project for 10 years after completion of the 1 year warranty period. WPEPL shall extend necessary support to SGPPL to secure Carbon Development Mechanism (CDM) benefits, Generation Based Incentive (GBI) benefits and other related benefits available.

Further, WPEPL has 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.

Suryachakra Power Corporation (SPCL) is the flagship company of Suryachakra Group with interests in Power generation - renewable energy (biomass, Solar, hydro) and coal based, Engineering and Consultancy and Urban infrastructure development activities.

Suryachakra Power Share Price

0.59 0.00 (0.00%)
27-Feb-2023 18:02 View Price Chart
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