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GMDC to set up 50 MW wind power project

Wednesday, 01 Oct 2014
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The state-run Gujarat Mineral Development Corporation (GMDC) will set up a 50 MW wind power project in Gujarat.

 

The new addition will take the total capacity of the wind power installation to 200 MW in the state.

 

It will cost about Rs 300 crore and the net generation is expected to be 104.10 million units for the project. The plant is projected to be commissioned by mid-2015.

 

GMDC will sign a long term power purchase agreement with Gujarat Urja Vikas Nigam (GUVNL) to supply energy after completion of the project. At present, the company has five MW solar power capacity installed at Panandhro, in Kutch.

 

GMDC’s net profit for the quarter ended June 2014 increased by close to 10 per cent, to Rs 130.54 crore, from Rs 118.67 crore in the corresponding quarter of the previous financial year. For the quarter ended June 2014, the total income from operations was Rs 423.87 crore as compared to Rs 370.09 in June 2013.

 

More Project Info:
Wind Power (Gujarat) Project

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