Gujarat Mineral Development Corporation Limited (GMDCL) intends to enter the wind power generation sector in a phased manner with 100 MW wind project, the Business Standard reported. GMDCL has already received approval from the Gujarat government for the foray. In the first phase, GMDCL intends to put up wind mills having aggregate capacity of 19.5 MW. INR1.2 billion will be invested for the same through internal accruals. GMDCL has identified Rajkot district's Maliya area for the wind farm.
The site identified for the project borders arid region of Kutch in Gujarat.
"This is the first wind power project of the company and it will be implemented in a phased manner. The company has envisaged a total of Rs. 600 crore investment for the project," sources close to the development revealed.
"The first phase of the project will be taken up in current year, while it will take not less than two years to complete the remaining phases", sources added.
GMDCL has surplus fund to enter into wind power generation. Besides this, the company will be able to avail special incentives offered under Gujarat's wind power policy. The new wind power policy of the state has fixed INR3.5 per unit tariff for purchasing wind power. Earlier, the rate was INR3.37 per unit.
"The company will also get the benefit of carbon credit while supply power to state grid, which will further help Gujarat to meet its power requirement", sources explained.
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