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Industry & Economy - Non-conventional Energy
German firms keen on Govt plan for `green' SEZ

Anil Sasi

New Delhi , Aug 6

The Centre plans to set up a Special Economic Zone (SEZ) for the manufacture of equipment for non-conventional energy sources, with a focus on wind energy projects.

The proposal has got a shot in the arm with German renewable energy firms, especially wind energy equipment manufacturers, evincing interest in the plan, according to Government officials.

The German industry is the global leader in non-conventional energy.

The Government is exploring the possibility of joint R&D and joint manufacture of systems and components for wind turbine generators with the German players, an official said.

A number of investment proposals in this regard are under consideration.

They include plans by a special purpose vehicle (SPV) called Future Energy Zone India Ltd, promoted by Bangalore-based Malavalli Power Plant, for investing in such projects.

According to officials, the SPV is in talks with Southern States, including Tamil Nadu and Andhra Pradesh, for locating the project.

The SEZ is expected to house industrial R&D units, testing units, vocational training centres and an area earmarked for vendors.

A number of such SEZs may be set up over the next 2-3 years, especially with international players showing interest in such projects, officials said.

Germany generates the highest amount of wind energy and is among the biggest exporters of technology and equipment.

More Stories on : Non-conventional Energy | Environment | Infrastructure

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