- Inox Wind has won 200MW in the SECI-3 auction at a fixed price of Rs2.44/unit for 25 years beating competition from both domestic and international IPPs.
- Inox Wind has the largest auction based order book of 800MW in the Indian Wind Industry comprising of 300MW won in SECI-1, 300MW won in SECI-2 & 200MW won in SECI-3.
Noida, February 15, 2018: Inox Wind, one of India’s leading wind energy solution providers, has won 200MW in the SECI-3 auction maintaining its successful track record in central government auctions. The bid was won at a fixed price of Rs2.44/unit for 25 years. This win enhances our auction based order book to a sector leading 800MW.
Inox wind would be developing the SECI-3 project in the Kutch region in the state of Gujarat. The project would be executed over the next 12-15 months. Inox Wind will supply, erect and commission its advanced 2MW Wind Turbine Generators (WTGs) and will be responsible for the development, construction, commissioning and long-term operations and maintenance services for the project.
We are confident of scaling up our auction-based order book as the government executes their target of achieving 10GW of wind power auctions in FY19 and FY20 each. Our inherent low-cost structure makes us one of the lowest cost producers of wind turbines globally. We would also highlight that our order book can be higher from the SECI-3 auction if we are selected by other winning IPPs as a WTG provider for their bids. We remain committed to execute these projects on a profitable basis meeting our company targets.
Mr. Kailash Tarachandani, Chief Executive Officer of Inox Wind Limited said, “This win in the SECI-3 auctions has boosted Inox Wind’s auction-based order book to a sector leading 800MW. This win reiterates our competitiveness and ensures that Inox Wind continues to play a key role in developing the Indian wind energy industry which is entering an exciting period of sustainable growth. We look forward to the upcoming auctions of 10GW each in FY19 and FY20 as shared by the Honourable Power Minister to achieve the 60GW wind power capacity goal by 2022 for the country.”
ABOUT INOX WIND:
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & corporate 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. The plant near Ahmedabad (Gujarat) and Barwani (Madhya Pradesh) manufactures Blades & Tubular Towers while Hubs & Nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). Inox Wind’s manufacturing capacity stands at 1,600 MW per annum.
Inox Wind manufactures key components of WTGs in-house to maintain high quality, reliability and cost competitiveness. The company has obtained ISO 9001:2008, ISO 14001:2004, OHSAS 18001 and ISO 3834 certifications for its management systems pertaining to manufacturing, installation, commissioning and O&M of wind turbines. The company offers complete end to end solutions from concept to commissioning. Besides manufacturing and supply of WTGs, we also offer services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning and long-term O&M of wind power projects.
For more information please contact:
Head – Investor Relations
Phone: 0120- 6149 881