Sep 6 2010
Nakoda, a polyester filament yarn firm, has announced plans to commence a wind energy project in Madhya Pradesh, India by March 2011. The company plans to make an investment of Rs 32.92 crores on this project. The plant will be built at Jethana in the district of Ratlam.
The plant will comprise seven turbines with 750 kW capacity each, totaling to 5.25 MW capacity. Once the new machines are commissioned, the wind energy capacity of Nakoda will increase to 12 MW capacity from its existing 6.75 MW capacity.
Nakoda intends to purchase wind mills from a Reliance ADAG Group-floated company Global Wind Power (GWPL). These wind turbines are produced by GWPL in partnership with Norwin Denmark. Nakoda will establish a power purchase contract with Madhya Pradesh Electricity Board for supplying 112 lakh units of electricity annually for a period of 13 years.
Source: http://nakodaltd.com/index.html