Home / Knowledge / News / Textiles / Oswal Woolen Mills to set up wind energy project
Oswal Woolen Mills to set up wind energy project
12
Jul '11
Oswal Woolen Mills - owned by the Nahar group of companies will set up wind power projects in both, Tamil Nadu and Karnataka. This comes just after the company ventured in to solar energy production.

“We are going to install 5 MW by September-end in Tamil Nadu at an investment of more than Rs 500 million”, said Mr Raj Sharma, President (Commercial Projects) - Oswal Woolen Mills Ltd.

Speaking to fibre2fashion, he continued, “The future lies in power only. For renewable energy, there are only two sources – one is solar and the other is wind energy. We have already ventured into solar energy in Rajasthan under NTPC Vidyut Vyapar Nigam (NVVM) scheme, so now we are going for wind also”.

Revealing more details, he said, “The power production will be for commercial purpose and not domestic use, i.e. we will be selling it and not using it ourselves. We are entering into a Power Purchase Agreement (PPA) with the state”.

Giving reasons for selecting Tamil Nadu, he informed, “Tamil Nadu has got a very high power load factor (PLF), i.e. capacity utilization”.

About the power generating capacity, he said, “That cannot be correctly said because, there are two different sites and I think we will be able to generate around 10 million units per annum, based on capacity of 5 MW”.

“The technology has been provided by Suzlon and since this is our first time the real problem will be faced, once we are operational”, he summed up by saying.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search