Friday, October 16, 2014: India’s largest power producer, NTPC, has signed an MoU with Ministry of New and Renewable Energy, National Institute of Wind Energy and consortium of partners consisting of NTPC and others, to develop Offshore Wind Power project along Gujarat coast.
As a part of the MoU, NTPC will act as the leading partner in the project which also involves evacuation and integration of the wind power project to the grid through a joint venture company, which will be set up in the process. The consortium of partners also include Power Grid Corporation of India Ltd (PGCIL), Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), Power Trading Corporation (PTC) and Gujarat Power Corporation Ltd (GPCL).
Highlights of the MoU are:
* The Joint Venture Company will study in detail and take necessary steps for implementing the first offshore demonstration wind power project.
* The offshore wind power project will be set up along the Gujarat coast and it will be of about 100 MW capacity.
* Subsidy will be provided for setting up evacuation and transmission infrastructure like financial support for studies on wind resource assessment, Environment Impact Assessment (EIA), oceanographic survey and more.
