TEECL begins Tamil Nadu wind energy project

Techno Electric and Engineering Company Ltd. has commenced the first phase of the 125-MW wind energy generation project in Tamil Nadu.

Simran Wind Project Pvt Ltd, a 100 percent subsidiary of TEECL, commissioned 15 MW of wind energy generation March 31, according to a company release.

"We are happy to announce the commencement of 15 MW of wind energy generation as per the scheduled time. The non-conventional energy sector is growing stronger with the implementation of REC mechanism and its trading on power exchanges. This would attract more investments into non-conventional energy generation," said TEECL managing director P.P. Gupta.

The project is set for completion by June this year.

The total cost for phase I of the project will be about Rs.700 crore with a debt-equity ratio of 1.8:1.