Inox Wind Wins Power Project In SECI-3 Auction
Inox Wind, one of India's leading wind energy solution providers, has won 200MW in the SECI-3 auction maintaining its successful track record in central government auctions, The bid was won at a fixed price of INR 2.44/unit for 25 years. This win enhances our auction-based order book to a sector leading 800MW.
Inox wind would be developing the SECI-3 project in the Kutch region in the state of Gujarat. The project would be executed over the next 12-15 months. Inox Wind will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) and will be responsible for the development, construction, commission and long-term operations and maintenance services for the project.
Inox is confident of scaling up the auction based order book as the government executes their target of achieving 10GW of wind power auctions in FY19 and FY20 each. The inherent low-cost structure makes the company one of the lowest cost producers of wind turbines globally. Inox remains committed to execute these projects on a profitable basis meeting the company targets.
Mr Kailash Tarachandani, Chief Executive Officer of Inox Wind Limited said, "This win in the SECI-3 auctions has boosted Inox Wind's auction-based order book to a sector leading 800MW. This win reiterates our competitiveness and ensures that Inox Wind continues to play a key role in developing the Indian wind energy industry which is entering an exciting period of sustainable growth. We look forward to the upcoming auctions of 10GW each in FY19 and FY20 as shared by the Honourable Power Minister to achieve the 60GW wind power capacity goal by 2022 for the country."
- Issued By:SOLAR ENERGY CORPORATION OF INDIA LIMITED
- Bagged By:
- Region:Western India
- Published On:2018-02-15