Karma Energy to set up 60 MW power project in Maharashtra

In a bid to set up a 60 MW power project at Dhule in Maharashtra, Karma Energy, the subsidiary of Weizmann is planning to invest Rs 240 crore. In this regard, the company will acquire a forest land and the project is expected it to be operational by 2013.

At present, the company is operating about 33 MW wind power projects in Andhra Pradesh, Maharashtra and Tamil Nadu, with further projects aggregating over 620 MW under various stages of implementation in Gujarat, Karnataka and Maharashtra.

The company also plans to invest Rs 75-100 crore each year to add 25-30 MW in hydel and wind energy generation. There are two-three hydel projects in the pipeline for Himachal Pradesh, with 2-3 MW capacity and these projects would be completed in three years.