By IANS
New Delhi : Leading wind power generator MSPL Ltd Thursday announced plans to invest $278 million (Rs.11 billion) over the next three years to produce wind energy.
With 191 MW of installed capacity, MSPL Ltd is one of the country’s largest independent wind power producers.
Unveiling the company’s plan, Narendra Kumar Baldota, MSPL chairman, said: “We plan to increase wind power generation capacity to 400 MW by 2010.”
“This plan is in line with India’s rapid march towards energy independence,” he added.
With 7,093 MW of installed generation capacity, India is the fourth largest producer of wind power after Germany, Spain and the US.
Most of the company’s wind power projects are in Maharashtra, Gujarat and Karnataka.
The firm, part of the Baldota group of companies, was into iron ore mining and diversified into wind power generation in 2000.