CLP Power to invest around Rs 1,800 crore in India to add over 200 MW wind projects

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CLP Power to invest around Rs 1,800 crore in India to add over 200 MW wind projects

Greentech Lead India: CLP Power India, a subsidiary of
Hong Kong-based CLP Holdings, is planning to invest around Rs 1,500-1,800 crore
in India to add over 200 MW capacity in wind energy in fiscal 2012-13.

Recently CLP said that it achieved operating earnings at
HK$10,312 million, a 12.7 percent increase compared to HK$9,148 million in
2010. Group total earnings, including non-recurring items, were 10.1 percent
lower than those of the previous year at HK$9,288 million.

“The company has delivered over 200 MW power last
fiscal year, through its wind power projects existing in six states,
Maharashtra, Gujarat, Rajasthan, Tamil Nadu, Karnataka and Andhra Pradesh. This
year we plan to invest over Rs 1,500-1,800 crore to generate another 200
MW,” said Mahesh Makhija, director, business development, CLP India.

Capacity enhancement would be through new projects and
the investment would be from debt and equity. The company’s total
investment in India is over Rs 12,500 crore.

According to the ministry of new and renewables energy,
India has wind potential of 65,000 MW. Today, with 12,809 MW of installed
capacity, country is one of the leading nations for wind power.

More than two-thirds of India’s power from renewable
energy comes from wind farms peppered across the country’s southern and western
states.

The company is also evaluating options to set up a solar
power plant. It is in the preliminary stage and we are monitoring the solar
energy resources in Rajasthan.

Recently, CLP Power Hong Kong announced the results of
the first GREENPLUS

Recognition Award. The award is created as part of CLP’s
goal of encouraging and assisting more small to medium-sized enterprises,
non-governmental organizations and schools and

contractors to implement energy-efficiency and
conservation solutions in their operations.

The award also aims to recognize and showcase these
outstanding results in energy saving.

The 29 winners were selected from a total of more than
400 contestants. The winning organizations,

some of which benefitted from CLP’s EE&C advice
through the GREENPLUS Program launched in

2010, demonstrated exceptional management commitment to
green measures, outstanding performance in terms of saving energy and
effectiveness in promoting green messages.

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