- Future Outlook
- |
- Completed Projects
- |
- Projects Under Development
Completed Projects - 114 MW
Simran Wind Project Pvt Ltd, subsidiary of the Kolkata based Techno Electric & Engineering Company Ltd, had fully commissioned its Phase I expansion of 101.4 MW through wind power on 20th September 2011. With more locations being available on the same site, TEECL plans to enhance power generation capacity by another 12.6 MW by October 2011, under Part 2 of the Phase I. This will take the total power generation capacity of Phase I to 114 MW.
The project of 101.4 MW is fully operational in the state of Tamil Nadu in Amuthapuram, Rasta and Muthiampatti belt. The area accounts for a PLF of around 27.5% on average. The Company has entered into a 20-year Power Purchase Agreement under REC scheme with the Tamil Nadu Generation & Distribution Company (TANGEDCO) at an APPC (Average Power Purchase Cost) tariff of Rs 2.37 per unit. The total capacity is eligible under REC as per the CERC and is also eligible for GBI benefit. Moreover, the project is expected to generate 240,000 RECs on an annual basis.
The project was accomplished within a period of 6 months. However, there have been no compromises on quality. The world's largest independent renewable energy consultancy, Garrad Hassan, was hired to conduct the wind study. A complete Environment and Social study was conducted to understand the impact of the project on the local community. BVQI (Bureau Veritas Quality International), offering third party certification services of quality management, has setup a quality management team to ensure quality. The Wind Turbine Generators were specifically chosen & designed to withstand extreme conditions & operate effectively with lower maintenance cost.
The project was funded through a mix of debt (Rs 360 crore) & equity (Rs 240 crore). The project brought in IFC as an equity partner in Simran, extending $5 mn (Rs 22.5 crore) for a 3.38% stake. Lenders to the project include IFC, Standard Chartered Bank and DBS Bank. Total capacity of 114 MW has been registered with Indian Renewable Energy Development Agency (IREDA) for Generation Based Incentive (GBI).