Orient Green to speed up wind power capacity addition
Orient Green Power is set to speed up the commissioning of over 94 MW of wind power generation capacity in Andhra Pradesh as part of the 192-MW additional capacity to be added by the company in the year.
According to an investor presentation by the company, work is on to add about 48 MW by the fourth quarter of 2012-13with the balance planned for the second quarter of 2014.
In the presentation available on the NSE, the company has announced plans to add capacities in Tamil Nadu (48 MW), Andhra Pradesh and Gujarat (50 MW).
The Andhra Pradesh Government’s announcement of a feed-in tariff of Rs 4.70 a kWhr for wind power is very helpful for the sector. Work is on to complete the additional capacity by December, a company official said.
Orient Green Power, a Shriram Group company, added over 125 MW of wind power last year with 107 MW in Tamil Nadu and made a small start in Gujarat and Karnataka.