Amid concerns of depleting stocks of fossil and climate change issues, GAIL India, the largest state-owned natural gas processing and distribution company in India has decided to increase its renewable energy portfolio. Encouraged by the initial results of 4.5 MW wind power project in Gujarat, GAIL plans to set up many more wind energy generation projects.
According to an internal plan document of the company, GAIL is also in the process of setting up a 100 MW WEG project in Karnataka and Tamil Nadu for commercial use with an estimated investment of Rs.620 crore. The company wants to get these projects during 2012-2013. Apart from the 100 MW in TN and Karnataka, the company is setting up another 14 MW WEG project in Gujarat partly for captive use in the State and partly for sale to the State utility.
To establish firm hold in the clean energy sector, Gail intends to invest big time. The wind potential states such as Andhra Pradesh, Gujarat, Kerala, Madhya Pradesh, Maharashtra and Rajasthan are also on the radar of the company to expand its presence in the wind energy sphere.
Source: The Hindu