Shriram EPC is likely to merge its two wind power JVs -- Leitner Shriram and Shriram Leitwind -- which it operates with Italy’s Leitner Technologies by December 2009.

Leitner Shriram, the 51:49 JV between Leitner and Shriram, manufactures wind turbine generators (WTGs). Shriram Leitwind is involved in marketing, installation and operation & maintenance of wind farms. Shriram holds 51 per cent and Leitner 49 per cent in this venture.

As per sources, in India, the company that makes WTGs also installs them. So Shriram has decided to merge the two companies. Leitner might hold 51.25 per cent shares in the new entity and Shriram the rest.

Leitner Shriram currently manufactures 250 kW and 1.5 MW class WTGs at its plant in Gummidipundi near Chennai. The current capacity of the plant is 120 machines a year or 180 MW. So far, both the partners have invested about Rs 120 crore in the plant.

Also See:

Shriram EPC JV plans 250 wind turbines in FY10 (12-Jun-09)