MMTC to undertake Wind farm expansion

Posted on June 13, 2011 by


Government of India’s undertaking Minerals & Metals Trading Corporation (MMTC) the largest exporter of minerals from India, is slated for disinvestment later in this financial year. It is India’s largest foreign trade enterprise, having clocked a revenue of more than Rs 68,000 crores and is seeking the ‘Navaratna’ status ahead of it’s disinvestment.

MMTC plans to invest in sustainable and renewable energy projects through setting up new wind farms in Karnataka by 2013. Similar plan also exists for the states of Maharashtra and Gujarat.

P Ramachandran, General Manager, MMTC was quoted as saying “As part of the Government of India’s mission to double renewable energy capacity in the next three years, we are proposing to set up wind farm project plants in Maharashtra, Gujarat and Karnataka in the next two years.”

MMTC currently has wind farm in Gajendragad with a capacity of 15 MW. MMTC plans to expand it to meet the additional target of generating 50 MW. The output of this plant is sold to Hubli Electricity Supply Company (HESCOM) Limited. The additional wind mills will be commissioned on 200 acres of land under procurement. The proposed outlay on this project is Rs 240 Crores.

MMTC plans to set up a solar energy project in Rajasthan as well.

 

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Posted in: Renewable Energy