APTEL Restored 50 MW Wind Energy Power Project being Developed by Inox Wind Arm

(EPT): Inox Wind on Wednesday announced that the Appellate Tribunal of Electricity (APTEL) has reinstated its 50 MW wind power project in Kutch (Gujarat) undertaken by its wholly-owned subsidiary at a tariff of Rs 3.46 per unit.

Appeal No. 292 of 2021 filed by Wind Four Renergy Private Limited (WFRPL), a wholly owned subsidiary of Inox Green Energy Services Limited (IGESL), (earlier known as Inox Wind Infrastructure Services Limited), has been allowed by Appellate Tribunal for Electricity (APTEL), New Delhi vide its Order dated 11th January, 2022,” it stated in a BSE filing.

As directed in the order, the 50 MW (SECI Tranche – 1) wind power project of WFRPL being undertaken in Kutch (Gujarat), awarded by the Solar Energy Corporation of India (SECI), has been reinstated at a tariff of Rs 3.46 per KWH.

It further added that APTEL has directed to set aside the invocation/ encashment of its bank guarantee, and to extend the scheduled commercial operation date (SCOD) of the project by the requested period.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors. Inox Wind is a fully integrated player in the wind energy market with three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW.

The plant near Ahmedabad (Gujarat) manufactures Blades & Tubular Towers while Hubs & Nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades, towers and will manufacture nacelles and hubs.