ReNew Wind Energy (Varekarwadi) Private Limited

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ReNew Wind Power Private Limited entered into an agreement with Maharashtra Government, to develop 25.5MW wind power project at Agaswadi village in Satara district of Maharashtra. The project would be executed by ReNew Wind Energy (Varekarwadi) Private Limited, a special purpose vehicle. The wind farm would involve the building of 17 Vensys V82 wind turbines of 1500kW capacity each.The electricity generated from the project would be evacuated by state grid thorugh Northern, Eastern, Western and North-Eastern (NEWNE) grid of India. ReGen Powertech Private Limited would develop, construct, commission, operate and maintain the project at an all-inclusive price. ReNew Wind Energy (Varekarwadi) Private Limited would sell the power to Maharashtra state Electricity Distribution Company Limited (MSEDCL). The APPC (Average Power Purchase Cost) base tariff as per MERC tariff order (dated 29 April 2011 for Wind zone 1) was US$ 0.10/Unit (INR 5.37 per unit @53.44 INR/USD) for the first 13 years of operation. The transmission charges would be paid by ReNew to the state transmission utility. The total capacity of 25.5MW was eligible for CDM benefits and the company had initiated the process with UNFCC. Details of financial closure were not available at the time of collection of this information. As per UNFCC CDM filings, the project cost was US$ 31.6mn (INR 1686.91mn @ 53.44 INR/USD). The project started construction in February 2012 (EPC contract signed) and as per company sources was expected to be commissioned in September 2012.