Welspun Energy

Welspun Energy Ltd.
Public company
Headquarters New Delhi, India [1]
Key people
 Vineet Mittal, Managing Director[2]
B.K. Goenka, Chairman
Products Electric power
Parent Welspun Group
Website www.welspunenergy.com

Welspun Energy Ltd (WEL) is an independent power company based in New Delhi, India. It is a subsidiary of Welspun Group. In addition to the coal-based power projects, WEL is the biggest developer of solar projects in India.[3]

The company is aiming to commission 1,700 MW of solar and wind power projects across India by 2016.[4][5][6] Welspun Energy has also plans to participate in government's program of setting up 4000 MW solar ultra mega power projects.[7] WEL's solar projects are situated in high radiation sites in states like Rajasthan and Gujarat.

In March 2013, the company commissioned the 50-MW Phalodi solar plant, which that time was the largest solar plant in India.[8] In December 2013 the company commissioned an 8-MW solar project in Karnataka.[6] In February 2014, it inaugurated the 151-MW Neemuch solar project in Madhya Pradesh, which is the India's largest and among the world largest solar-power plants.[9][10][11] Together with the Maharashtra State Power Generation Company WEL develops a 50 MW solar power plant at Baramati in Pune district.[12] The company aims to develop a total of 550  MW solar capacities in Karnataka, 100 MW in Andhra Pradesh, and 150 MW in Punjab.[13][14]

Welspun Energy aims to develop 1,000 MW of wind power projects by 2014.[15] Gujarat, Andhra Pradesh and Karnataka are focus states for the company's wind projects. In Karnataka Welspun has signed agreements for developing two wind projects of 750 MW and 100 MW.[16] In Rajasthan the company aims to develop a capacity of over 300 MW. A memorandum of understanding is signed with the Government of Andhra Pradesh to develop 500 MW wind capacity.[17]

Welspun Power develops the 1320-MW Mirzapur thermal power plant in Uttar Pradesh and 2,000-MW Katni thermal power plant in Madhya Pradesh.[2][18][19] It also developing 660-MW plant in Maharashtra.[20]

References

  1. ↑ "Welcome to Welspun Energy Limited". Welspunenergy.com. Retrieved 12 January 2011.
  2. ↑ 2.0 2.1 "MOU Signed by Indian State and Welspun Energy for Power Project". Azocleantech.com. 12 January 2013. Retrieved 12 January 2011.
  3. ↑ "Welspun Energy's plan gets registered with United Nations". The Economic Times. 31 July 2013. Retrieved 13 August 2013.
  4. ↑ "Welspun Energy to invest $1 billion in wind energy projects". The Times of India. 13 June 2012. Retrieved 13 August 2013.
  5. ↑ "Welspun Energy to set up solar parks". Business Standard. 11 July 2013. Retrieved 13 August 2013.
  6. ↑ 6.0 6.1 "Welspun Energy commissions its first solar power project in Karnataka". Economic Times. 19 December 2013. Retrieved 30 April 2014.
  7. ↑ "Welspun Energy keen on bidding for solar UMPPs". Economic Times. 16 February 2014. Retrieved 30 April 2014.
  8. ↑ "Welspun Energy commissions largest solar project". Business Standard. 12 March 2013. Retrieved 13 August 2013.
  9. ↑ "Narendra Modi, Shivraj Singh Chouhan inaugurate solar power projects in MP". India Infoline News Service. 26 February 2014. Retrieved 30 April 2014.
  10. ↑ "GE Invests $24 Million in Welspun’s India Solar Plant". Bloomberg. 25 April 2014. Retrieved 30 April 2014.
  11. ↑ "India's largest solar power plant planned in Madhya Pradesh". DNA (Daily News & Analysis). 5 September 2014.
  12. ↑ "Mahagenco ties up with Welspun Energy to set up solar plant at Baramati". Mint. 4 March 2014. Retrieved 30 April 2014.
  13. ↑ "Welspun Energy mulls setting up Rs.200 crore solar plant in Assam". The Hindu. 12 September 2013. Retrieved 30 April 2014.
  14. ↑ "Welspun to invest Rs 1,350 cr to set solar power project in Punjab". Economic Times. 8 January 2014. Retrieved 30 April 2014.
  15. ↑ "Welspun Energy to invest Rs 15,000 crore in renewable projects". The Economic Times. 19 February 2011. Retrieved 13 August 2013.
  16. ↑ Bakewell, Sally (13 June 2012). "Welspun Energy to Invest $1 Billion in Two Wind Farms in India". Bloomberg. Retrieved 13 August 2013.
  17. ↑ V. Rishi Kumar (29 January 2012). "Welspun Energy plans 500 MW wind energy farms in AP". The Hindu Business Line. Retrieved 13 August 2013.
  18. ↑ "Akhilesh Yadav to allow 10 power projects in the state to import coal". The Economic Times. 3 July 2012. Retrieved 13 August 2013.
  19. ↑ "Welspun, Torrent Power, NTPC & THDC sign MoUs with UP govt for power plant". The Economic Times. 1 January 2011. Retrieved 13 August 2013.
  20. ↑ "Welspun Energy commissions 15 MW solar plant in Rajasthan". The Hindu Business Line. 22 January 2013. Retrieved 13 August 2013.

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