SITAC RE 50MW Wind farm in Gujarat

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Theolia Wind Power Private Limited (known as SITAC RE), a special purpose vehicle of UK based SITAC Group, entered into an agreement with Gujarat Government, to develop 200MW wind power project across sites at Rajkot, Jamnagar, Bhavnagar, Surendranagar,and Amreli districts of Gujarat. As part of the first phase, 50MW project was being executed at Rajkot. The electricity generated from the project would be evacuated by NEWNE grid of India to the state transmission network. Sitac RE had already completed 100MW of power evacuation infrastructure and was completing the other 100MW. Land for 100MW had been acquired and the process of acquiring land for the other 100MW was underway. Details of financial closure were not available at the time of collection of this information. However in January 2013, it had been reported that Gujarat Venture Finance Limited (GVFL) had invested US$ 7.5mn (INR 400mn) for this project. The project cost (50MW) was reported to be US$ 47mn (INR 2520mn). The project was under construction and was expected to be commissioned by April 2013.