The city-based wind turbine maker ReGen Powertech is expected to commence production of wind mill generators from January and blades in a year's time at its Rajasthan facility while adding 100 more people there, said a top company official.
The company has bagged Rs.1,800 crore order (279 MW) for its yet to be launched 1.5 MW wind mill Vensys 87 (V-87), managing director Madhusudan Khemka told reporters here Thursday.
"We are investing Rs.450 crore in our Udaipur facility in Rajasthan. We have started making wind mill towers. We will start making generators next year and blades in 12 months time," he said.
The Udaipur facility will have a capacity to make 300 MW of wind mills while the company's existing facility at Tada in Andhra Pradesh has a total capacity of 750 MW, said president and executive director Joseph Chaly.
He said while ReGen Powertech would build the blade factory, LM Wind Power will make the blades.
Currently ReGen Powertech sources blades for all its machines from LM Wind Power's unit in Bangalore.
"We are also looking at other options. We will also go in for blades from other manufacturers as well," Khemka said.
The four-year-old ReGen Powertech is the third largest wind mill company in the country with an order book position of Rs.4,000 crore.
"We hope to close this year with a turnover of around Rs.3,200 crore and the profit will be similar to last year's figure of around Rs.150 crore. Last year our turnover was around Rs. 2,500 crore," Khemka said.
Gung-ho about the booking of orders for 279 MW worth around Rs.1,800 crore for 1.5 MW V-87 model during the pre-launch period, Khemka said the machine would offer around 15 percent increase in annual energy production over its V-77 wind mill and five to seven percent over its V-82 model.
Queried whether at around Rs.6.2 crore per MW the V-87 is priced at a premium, Khemka said the machine cheapest in terms of per kW.
He said the machine does not have a gear box and can run at low and medium wind speed offering good plant load factor (PLF) as compared to other machines of same capacity.
"The low rpm (revolutions per minute) does not strain the machine and the longevity is better. The machine offers opportunity to set up wind mill in low wind areas. The average lowest PLF of our machines is around 30 percent and it goes up to 40 percent," he added.
Declaring that ReGen Powertech would launch 2.5 MW wind turbine in 2013, Khemka said the plan is to launch one new model every 15 or 18 months.
ReGen Powertech will also look at overseas markets like Sri Lanka, Bangladesh, Middle East, South Africa and others from next fiscal onwards.
"Next year we plan to export wind mills to the tune of 150 MW. The company has already supplied machines to the tune of 25 MW to Sri Lanka," Khemka said.