Rs 60,000 cr to be invested into wind power industry by FY12

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New Delhi, Oct 21 (UNI) Indian Wind Turbine Manufacturers Association (IWTMA) today said Rs 12,000 crore was invested into 1,800 MW power generation over the last two years and additional Rs 60,000 crore would be infused into the sector for further pushing the generation by 9000 MW by March 2012.

''The domestic wind turbine industry will see an investment of Rs 60,000 crore during 2009-12 to add about 9,000 MW of power,'' IWTMA Member (Task Force) R Ravishankar told reporters her During the Eleventh Five Year Plan, about Rs 70,000 crore was sanctioned for generating 11,400 MW of wind power, out of which Rs 12,000 crore is utilised for generating 1,800 MW.

However, he said the government needs to form a uniform policies to attract larger chunk of foreign investments into this sector.

Currently, different states in the country have difference policies on wind energy, he added.

With an installed capacity of about 10,000 MW, the country is the fourth largest in the world, next to Spain, Germany, and the US.

Mr D V Giri, Chairman, IWTMA, said during FY07-08, 1,595 MW of power have been added.

''If the policy regime favours, we plan to add 14,000 MW during the 11th Plan,'' he said.

He cited the example of China, where wind power will be able to match up with the energy generation through coal by 2015.

He, however, expressed concern over not having national level policy for wind (renewable energy law), besides not having guidelines for determination of tariff for wind as in case of thermal and hydro.

The Association, set up in 1997 to bridge the gap between demand and supply of power, is presently represented by ten members such as Elecon Engineering Company Ltd, Enercon India Ltd, GE Wind Energy India, LM Glassfiber, Pioneer Wincon Pvt Ltd, RRB Energy Ltd, Shriram EPC, Southern Wind Farms, Suzlon and Vestas Wind Technology.


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