Friday, July 1, 2011

Energy, Renewable Energy, Ushdev Power Holdings, Wind Energy

Wind Power in India has been growing at a rapid pace making India the 5th largest global market for wind energy despite limited resources of wind energy.India Wind Power Plants are all set to grow with the entry of new wind power developers like Metal Traders  MMTC and  Ushudev International.Note MMTC is the state owned metal trading giant while Ushdev is the 3rd largest private sector trader in metals after Adani and Surana Groups.New Wind Farm Developers like Caparo,Greenko,Genting,Techno Electric have already put aggressive wind expansion plans in place.Now MMTC and Ushdev have joined the wind party as the economics of wind energy look enticing given the massive shortage of energy and the incentives given the government like GBI,Tax Breaks etc.

Ushdev Power Holdings Pvt the power subsidiary of the the metal trader is targeting 1000 MW of renewable  energy capacity by 2018 which would be a mix of solar,wind and hydro power.The company is looking to add 100 MW  of wind power capacity each year.Ushdev Power now owns 30.5 megawatts of wind farms in six different states

MMTC is running a  successful wind farms in India -  15 MW wind power plant at Gadag district,Karnataka and selling the electricity to HESCOM/KPTCL (Hubli Electricity Supply Company, a Karnataka Government enterprise).There are 25 Wind Turbines of 600 kw capacity running at the wind farm.MMTC has already recovered its investment which means a lucrative payback  period of only 4 years for its $15 million investment made in 2007.The company boosted by the success of the wind farm has planned to expand it to 50 MW and build wind farms in states like Gujarat and Maharashtra which are also strongly pushing for wind energy.

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