MO MORE POWER TO WIND

Business Today - - THE BUZZ -

The gov­ern­ment gove is pro­vid­ing a shot in th the arm to the wind en­ergy in­dus­try, which is bat­tling dip­ping prices and an low de­mand. The So­lar En­ergy Cor­po­ra­tion C of In­dia (SECI), a PSU that tha pro­motes re­new­able en­ergy, w will be com­ing up with three mo more rounds of bids for wind en­ergy ene farms, each of­fer­ing 1,500 MW MW. Do­mes­tic equip­ment man­u­fac­tur­ing man­u­fact firms, smart­ing from lay­offs, layo are likely to ben­e­fit from the a ad­di­tional 4,500 MW. Un­like so­lar, so in wind, much of the man­u­fac­tur­ing man­u­fact is done within the coun­try. There­fore, T wind power com­pa­nies com­panie will be in a po­si­tion to match the fall­ing prices. The prob­lem be­gan when a Fe­bru­ary bid in­vite by SECI brought about a price war. wa By Oc­to­ber, the tar­iff fell to ` 2.64 2.6 per unit and man­u­fac­tur­ers fac­tur­ers feared ex­tinc­tion. This move by the t Min­istry of New and Re­new­able Re­newab En­ergy may im­prove the in­dus­try’s in­dus prospects.

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