Wind power major Suzlon Energy has been chosen to execute 50 mw, Rs 500 crore wind power project for Oil and Natural Gas Corp (ONGC). According to sources, the project involves installation of 34 units of 1,500 kw machines in the Kutch area of Gujarat. According to senior ONGC officials, “The 50 mw wind power project in Gujarat is a major initiative by ONGC towards development of non-conventional sources of energy for the future.” Gujarat, with about 1,600 km coastline has a potential to generate about 17,000 mw of wind energy.
Last month, in a meeting held in New Delhi, both the companies agreed to work as a well-knit team to complete the project within the scheduled time.
The meeting also dealt in details with the execution methodology for this prestigious project. ONGC would take all necessary steps to expedite the project at a fast pace, added sources.
Suzlon already has a power generating set up in the Kutch and Porbandar districts of Gujarat. ONGC’s wind power project with Suzlon in Kutch will help meet the company’s requirement of the comparatively costly conventional power, leading to substantial savings in the existing onshore work, said sources. According to a Mumbai based analyst, major oil companies like ONGC bring enormous cash reserves, years of experience in large projects, and a can-do spirit to an alternative-fuels industry.