Financial Daily from THE HINDU group of publications
Sunday, Dec 05, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Non-conventional Energy


Wind power generation poised for rapid growth

Our Bureau

Hyderabad , Dec. 4

WIND power generation in the country is poised for a major growth in the coming years. Venture capitalists, who hesitated to fund wind power projects a decade ago, are now going out of their way to finance wind energy initiatives, according to Dr M.P. Ramesh, Executive Director of the Chennai-based Centre for Wind Energy Technology (C-WET).

Dr Ramesh said the wind power field was currently witnessing a record number of installations and wind turbines with higher yield and technology were finding their way into the country. This year, there is a possibility of installation of wind power projects to the tune of 1,000 MW, taking the total wind power generation in India to 3,500 MW.

He, however, said it was time to concentrate on quality aspects in an objective manner to ensure that the technology being brought into the country was not only environmentally friendly but also cost effective.

Dr Ramesh was addressing a business meet on Wind Energy and Energy Conservation here on Friday. The meeting was organised by the Non- Conventional Energy Development Corporation of Andhra Pradesh (NEDCAP).

Inaugurating the meeting, the Speaker of the Andhra Pradesh Legislative Assembly, Mr K.R. Suresh Reddy, said India being the fifth largest producer of wind power in the world was ahead of China and Japan in this field. He emphasised the need for exploiting renewable energy sources in the country, particularly in Andhra Pradesh.

The NEDCAP Vice-Chairman and Managing Director, Mr S.E. Sekhar Babu, said so far 93.47-MW capacity wind power projects were established by 26 developers in Andhra Pradesh, which has an estimated potential for generation of 745 MW of wind energy. The Union Ministry of Non-Conventional Energy Sources had identified 31 locations in the State for establishing wind power projects. NEDCAP had established three demonstration wind farm projects in Anantapur, Kurnool and Nellore districts in order to create confidence among the investors.

The Director of Osmania University's Centre for Energy Technology, Prof D.N. Reddy, said there was a need to create a resource database to estimate the potential for wind power generation in the country.

Mr T. Dharma Rao of Energy Conservation Mission emphasised the need for taking up research activities for the development of alternative sources of energy.

More Stories on : Non-conventional Energy | Power

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Asians to dominate global labour force: Study


Wind power generation poised for rapid growth
Panel to review economic laws, rules
India and Russia must tap each other's strengths: Putin
Indo-Russian working group to prepare draft agreement on IT
Service tax on goods transport agencies from New Year
VAT implementation well on course — `Key role for CAs in obligatory audit'
`India ready to meet post-quota challenges'
Non-payment of dues by cable network — ESPN, STAR Sports go off air on Hathway platform in Delhi
Jewellery demand may take a hit on higher gold prices
Rupee may continue to gain for 3-4 months: PHDCCI survey
`Entry barriers need to be lowered for developing nations'
CII, FICCI told to `prepare teams' for IBSA Business Summit
FMCG, consumer durables markets set to `explode' in next 20 years



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line