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Indian companies scramble to enter renewable energy sector

BHEL to set up solar PV facility

Bharat Heavy Electricals Limited (BHEL), the state-owned power equipment major, is planning to invest close to Rs 2,000 crore to set up a 250 Mw solar photovoltaic production facility for processing silicon wafers, solar cells and PV modules. The facility will be set up in a joint venture with Bharat Electronics Limited (BEL), K Ravi Kumar, chairman and managing director, BHEL said.

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JSW Energy to set up solar power plant

JSW Energy, which is executing several coal-fired as well as hydro projects in various states in the country, is contemplating foraying into generation of power through renewable energy sources. The company is proposing to set up five mw solar power unit in Rajasthan.

The company, which seeks to implement 4,000 mw of thermal power units and 260 mw of hydro projects by 2012, is exploring the possibility of setting up the solar power unit in Barmer district of Rajasthan where the company is presently setting up a 8 x 135 mw lignite-based power project.

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Nakoda Textile forays into wind power

Nakoda Textile Industries Ltd. (NTIL), one of India’s largest players in the fully drawn yarn segment, is all set to venture in wind power sector.

As part of its foray into wind energy, the company is investing Rs. 41 crores for the wind power plant, which will be funded by internal accruals and term loans. The greenfield project will have 9 turbines having aggregate capacity of 6.75 MW. The wind power plant is coming up at Tirunelveli in Tamil Nadu.

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Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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