Indowind completes 9 MW wind farm project

Indowind Energy has completed the implementation process for an additional capacity of 9 MW wind farm project in Chitradurga district, Karnataka.

This along with the earlier acquisition of 1.98 MW wind farm in Koppal district has helped the company increase its total capacity to around 48.48 MW capacity.

“The 9 MW wind farm project at Elekhornahalli in Chitradurga district was completed three months ahead of schedule, as it was slated to be completed by June this year. This project will help in adding revenues of Rs 8 crore per annum, including carbon credits, to the company,” Indowind Energy Director K V Bala said.

The company has funded the project from its Initial Public Offering (IPO) proceedings that concluded in September 2007. The company had raised around Rs 73 crore from the IPO.