Ansals Plans a Foray into Power Sector

October 11, 2007	(Be the first to rate this story!)  Loading ...
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Delhi based Ansal Properties and Infrastructure Ltd. (APIL) is planning its foray into the power sector with the set up of a 12 MW wind energy farm in Gujarat at a whopping investment of over Rs 72 crore.

The company has brought multiple changes in its clauses to diversify into the power sector after receiving the formal nod from shareholders.

The wind energy farm has 8 turbines having power of 1.5 MW. The farm is believed to have been established in four months time. APIL incurred a fixed cost of Rs 6 crore per MW, says V K Saigal, Executive Director Ansal API.

The farm in Kutch is supplying power to Gujarat State Electricity Board. The company is considering using the energy for supplying in its upcoming as well as established Townships, adds Saigal.

APIL bought the equipments for wind farm from Suzlon Energy, the world’s largest fully-integrated wind power company. The company expects to earn 25,000 carbon credit points each year through the project.

News Published Under:   Real Estate Developers |

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