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India

India

Private owner adds another 40 MW

India's largest private owner of wind plant, Mineral Sales Private Ltd (MSPL), is adding another 40 MW to its portfolio, bringing its total wind capacity to 200 MW. MSPL, based in Karnataka, is the flagship company of Baldota Group and India's leading iron ore mining company in the private sector. It already has wind farms in Bellary, Davanagere and Chitradurga in Karnataka and in Satara, Maharashtra. The company is now spending $45 million on the installation of 32, 1.25 MW Suzlon turbines, to be split across two sites at Harihar in Karnataka and Dhule, Maharashtra. While a power purchase agreement (PPA) is yet to be confirmed for the Harihar project, a 13 year PPA has been secured with Maharashtra State Electricity Board for the power generated by the Dhule project. The rate agreed is INR 3.50/kWh ($0.076/kWh) for the first year, which will be increased by INR 0.15/kWh ($0.003/kWh) each year for the following 12 years.

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