4th Jun 2014 09:49
LONDON (Alliance News) - Indian windfarm developer, owner and operator Greenko Group PLC Wednesday said that the second phase of its Basvanbagewadi wind farm in the southern state of Karnataka has been commissioned, providing electricity to the grid and selling its power directly to leading global technology companies and commercial customers.
In a statement, Greenko said the second phase, together with phase one and the Mangalore and Matrix projects already commissioned, takes generating capacity at the Basvanbagewadi wind farm to 131.2 megawatts. It also takes Greenko's total generating portfolio to 611 MW, nearly doubling capacity since April 2013, Greenko said.
The second phase of the Basvanbagewadi project is the first it has commissioned so far this financial year, bringing wind power capacity to 298 MW in time for the 2014 wind season, which typically starts in July. Greenko said the second phase cost about EUR45.0 million, adding that the project has immediate access to the grid, as the connection for the site's full 180 MW capacity was completed in October 2013 ahead of the first phase's commissioning.
"The company's strategy of building large wind farms in a phased manner, using the latest low wind speed turbine technology connected to the high voltage transmission grid, means Greenko is increasingly well placed to deliver significant, predictable and profitable growth. We expect to reach about 700 MW operating capacity to capture the season," Chief Executive Anil Chalamalasetty said in a statement.
Greenko shares were off 0.04% at 158.94 pence Wednesday morning.
By Samuel Agini; [email protected]; @samuelagini
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