Power, too, now goes green

The biggest risks in power generation are the availability of fuel, its pricing and transportation. Not surprisingly, power producers in the country are pursuing options in green power. The Hyderabad based Lanco Group, for instance, intends to invest Rs 1,000 crore over the next 12 months in wind energy, and has tied up with a German company for making wind energy turbines. That apart, it will identify wind sites, study wind patterns, get regulatory approvals and construct wind farms in the US and Europe. “This may not be the right time to enter wind power generation in India.

But the global market for wind energy equipment is growing 17-25 per cent per annum,” says Prasad Kandimalla, CEO (Wind Business), Lanco, explaining why Lanco is foraying abroad.

Others, too, are seriously pursuing green power. “The GVK Group is looking closely at solar and wind energy and we are in discussions with several people on how to take this forward,” says GVK Power & Infrastructure CFO Issac A. George. The GMR Group is also looking at green power, though it declined to share its plans for the sector.

—E. Kumar Sharma