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India

India

Ghodawat Energy signs $39.8million deal for Hyosung gear boxes

INDIA: India's Ghodawat Energy (GEL) has signed an $39.8million contract with Korea's Hyosung Power & Industrial Systems Performance Group, a textile and heavy machinery conglomerate, to supply 1.65MW wind turbine gearboxes until 2013.

Ghodawat aims to spread its supplier base with £39.8m Hyosung contract
Ghodawat aims to spread its supplier base with £39.8m Hyosung contract

Speaking about the scope of the contract, Dilip Jha, Vice  President - Planning & Supply Chain Management, GEL, was not willing to disclose numbers but described it as a "good quantity".
 
The first shipment of two prototype wind gear boxes shall be made within six months from the date of the order, subject to successful Technical Confirmation of GL Certification. Jha added: "The remaining quantity will follow the process of serial production at the seller’s premises and shall be completed in the next six months."
 
The aim in opting for Korean Hyosung is to expand the supplier base and to safeguard GEL from over-dependency on any one or two suppliers in India or elsewhere. "Quality and cost competitiveness were the other issues on our mind before we got into such a strategic partnership with Hyosung," says Jha.
 
The Ghodawat 1650 turbine is equipped with a Double Fed three-phase Induction Generator. The advanced power electronics (IGBT converter) ensures that the generator works with efficiency over the entire speed range. The generator and power electronics are cooled by a water-air heat exchanger and the temperature is continuously monitored by sensors.

"The significant factor in entering a fast growth market like India is the long-term contract. It is proof of the trust that the market puts in our products," said Cho Hyun-Moon, head of Hyosung's Power & Industrial Systems Performance Group.

"We will expand production capacity, as well as market share, to become one of the leading top three providers of wind turbine gearboxes in the world," Cho added confidently.

GEL manufactures wind turbines under technology license from AMSC-Windtec 1.65 MW.  It has set up a wind tower plant for manufacturing tubular wind turbine towers with a capacity of 400 towers per annum.
 
In Oct last year, GEL commissioned the 1650 prototype at the 10 MW project at Kaledhone in Satara district, Maharashtra. The site has an approval from Center for Wind Energy Technology (C-WET) and is under the Clean Development Mechanism (CDM) registration.
 
With the completion of our prototype set up at the Kaledhone site, we will instal 15 wind turbines in India in this financial year (upto March 2010) (taking the cumulative capacity to 25 MW). We have assigned a capital expenditure of $22 million for the next year (upto March 2011) Shrenik Ghodawat, Managing Director, GEL, had said late last year.

Hyosung’s push into India follows Korean shipbuilding giants Samsung Heavy Industries (SHI) and Hyundai Heavy Industries break into the United States wind sector with rivalling megawatt-scale turbines.

Korea is increasingly looking to increase its own installed wind power capacity this year by a third from the current 233 MW in a bid to expand the proportion of clean energy in its overall energy mix to 15% in 2030 from 2.4% in 2007. Korea's industrial sector is catching on fast with a range of companies getting into the wind business, including contracting and engineering firm Doosan. Back in December it announced it was the first company in Asia to be developing a 3 MW offshore wind turbine.

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