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Nakoda plans green energy investment in MP
07
Sep '10
Nakoda Limited is set to commence its Wind Power project in MP. Nakoda Limited proposes to acquire Wind Mills from Global Wind Power Ltd (GWPL), a company floated by Reliance ADAG Group. The wind turbines are developed by GWPL with state of art technology in collaboration with Norwin Denmark.

Nakoda Limited will invest a sum of Rs.32.92 crore to be funded by debt of Rs.23 crore & balance from internal resources. The Wind Power Plant which is to be set up at Jethana, District – Ratlam, MP will have 7 turbines with a capacity of 750 KW each aggregating to 5.25 MW. This will be commencement by March 2011.

Nakoda Limited will enter into a power purchase agreement with Madhya Pradesh Electricity Board to supply around 112 lakh units per year at the rate of Rs.4.35 per unit for 13 years. The investment will have positive impact on the balance sheet of Nakoda Limited.

After the commissioning of the new machines, Nakoda's wind power capacity will increase from existing 6.75 MW to 12 MW.

Nakoda Limited

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