MSPL commissions another 5.20 MW at Harihar wind farms in Karnataka
Mumbai, Apr 4 (UNI) MSPL Ltd, a leading iron ore and exporting company and wind energy generators, added another 5.20 MW at their Harihar wind farms in Karnataka.
Further, the company commissioned nine turbines of 600 kilowatt capacity at Harihar earlier last week, said an official release.
With this addition, the company's total capacity has gone up to 110.8 MW.
It has entered into a 10-year power purchase agreement with BESCOM for sale of power generated at the Harihar projects site. BESCOM has contracted to purchase power at Rs 3.50 per unit.
Commenting on the development, company Director Mr Shrenik Baldora said, ''We benefit from favourable wind farm locations which are exposed to a relatively high wind speeds. Higher wind speeds generate more power using the same equipment than lower wind speeds.
We also benefit from a favourable regulatory environment including certain tax benefits.'' It may be noted that pursuant to the Electricity Act 2003, electricity companies are required to sell a certain proportion of electricity generated from non-conventional energy resources, such as wind power. As a result, the regulation has created a potential for additional markets.
UNI SN KU SKB1827