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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

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