Energy company CLP India today plans to enhance its wind power portfolio by 200MW to 300MW every year over the next three years, and is also mulling an entry into the solar power market in the next two to three years.
CLP India, which owns and operates a 655MW gas power plant near Bharuch in Gujarat, has already obtained approval to expand this by 1,000MW, and is presently awaiting allocation of gas for the project.
"Our plan is to increase our wind energy portfolio by 200MW to 300MW every year over the next three-years. We are also mulling an entry into solar power in the next year or two," CLP India MD Rajiv Mishra said.
The company has also announced its decision to develop two new wind farms, in Rajasthan and Andhra Pradesh, of 102.4MW and 50.4MW respectively.
CLP has entered into agreements with major wind-turbine manufacturer Enercon India to develop the greenfield projects.
"With these two, our total wind portfolio will rise to close to 640MW," Mishra said. While he would not quantify the investment in the two projects, Mishra said normally it costs between $1.1million to $1.3million for 1MW of wind power. The company is also interested in solar power and could enter the segment going forward, Mishra said.
CLP India, a wholly-owned subsidiary of the CLP Group , a Hong Kong-listed company and one of the largest investor-owned power businesses in Asia, has a diversified and climate-friendly generation portfolio that covers renewable energy, supercritical coal-fired and gas-fired generation amounting to about 2,613.6MW.