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MAY 11 2016

Gamesa building Rs 800 crorefacility in Andhra Pradesh's Nellore

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 11th MAY 2016

Chennai-based Gamesa India, the country subsidiary of Spanish wind power developer Gamesa, is building a Rs 800-crore integrated factory in Nellore, Andhra Pradesh, going for the southern state for uninterrupted power and ease of doing business.

 Gamesa will manufacture rotor blades for starters, and has plans of developing the factory for export. It currently runs two factories in Tamil Nadu and two in Gujarat. Gamesa will manufacture the 2MW, 114-m diameter rotor blade from the Nellore factory, a kind of rotor blade its India Chief Ramesh Kymal believes is just at the optimum level and any more bigger machines could impact cost of energy metrics for its investors. The new factory will have an employment generation capacity of close to 1,000 people in three years.

 "We chose Andhra Pradesh because we wanted to set up the new plant south of the Vindhyas, and AP has been showing great potential," said Ramesh Kymal, Chairman and Managing Director of Gamesa India. He added that uninterrupted power and a supportive bureaucracy for setting up the plant were pluses. Gamesa India is hoping to commission the rotor blade set up in Nellore by September. the factory will also manufacture solar inverters for India, to aid Gamesa's entry into solar last year.

 In a press release, the company said it holds 34% in the Indian wind market with the commissioning of 1003 MW last fiscal to take up its total projects to over 3,000 MW. Kymal said the company's order book for 2016-17 has seen 750 MW of booked projects so far. He said there has been a shift in growth of wind power from the traditional set of states like Tamil Nadu and Gujarat towards newer states like Andhra Pradesh and Telangana. However, he added that states like Tamil Nadu cannot be "written off" owing to their natural advantages in wind speed and land availability.

Tags

TOTAL Gujarat Andhra Pradesh Tamil Nadu Telangana Chennai Wind Wind Power Energy Power Gamesa India India Solar

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