CLP Power India to invest Rs 500 cr in Jamnagar wind power plant

CLP Group is committed to the reduction of carbon emissions and the development of renewable energy in the Asia Pacific region. In end 2007, it has achieved its voluntary target of having 5% of its total generating capacity from renewables sources, and has now scores of wind, hydro, biomass and solar energy projects in India, China and Australia.

New Delhi, Delhi, IND, 2008-04-21 10:00:00 (IndiaPRwire.com)
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Samana Wind Farm, a CLP India initiative, was inaugurated by Chief Minister Narendra Modi at a well-attended reception at the CLP power plant at Bharuch, Gujarat. Hon. Energy Minister Shri Saurabh Patel and Hon. Minister for Water and Irrigation Shri Nitin Patel also addressed the gathering.

CLP India will invest approximately Rs 500 Crore or US$125 million in the 100.8 MW wind power project in Samana, Jamnagar, Gujarat. The project will be the largest wind project undertaken to date by the CLP Group. It will involve the building of 126 turbines of Enercon-E53, each with a capacity of 800 KW. The wind farm is expected to be completed in two phases, with 50.4MW to be completed by June 2008, and the other 50.4MW by January 2009. Upon its full commissioning, the wind farm will be anticipated to reduce reduction of approximately 200,000 tonnes of CO2 annually.

CLP's Chief Executive Office, Andrew Brandler, said: "The Samana project reinforces CLP's commitment to growing our position as a leading Indian power producer through CLP India. It will also make an important contribution to the Group's renewable energy portfolio, which is growing both geographically and in terms of its contribution to our generating capacity."

CLP Group is committed to the reduction of carbon emissions and the development of renewable energy in the Asia Pacific region. In end 2007, it has achieved its voluntary target of having 5% of its total generating capacity from renewables sources, and has now scores of wind, hydro, biomass and solar energy projects in India, China and Australia. Last year, the Group issued its Climate Vision 2050, and pledged that the carbon emissions intensity from its generation portfolio will be reduced by 75% by 2050, and 20% of its generation portfolio will come from non-carbon emitting sources by 2020.

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About CLP India

CLP India is one of the largest foreign investors in the Indian power sector and is responsible for developing CLP's presence in that market. It is a 100% subsidiary of the Hong Kong based CLP Group, one of the leading power companies in Asia Pacific.

It is responsible for the GPEC gas-fired power plant in Gujarat. CLP acquired a majority stake in GPEC in 2002 and fully acquired GPEC in mid-2003. The GPEC power plant is one of the largest independent power projects (IPPs) to have been set up in India.

CLP is listed on the Hong Kong Stock Exchange and is one of the largest investor-owned power businesses in Asia. Through CLP Power Hong Kong, it operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to over 5.5 million people in its supply area.

The CLP Group is the largest external investor in the Chinese mainland electricity industry, and a leading international private sector power company in the Asia-Pacific region with an integrated energy business in Australia and interests in OneEnergy, a 50-50 joint venture with Mitsubishi Corporation, which owns generating assets in Southeast Asia.

In line with the CLP Group's commitment to develop 20% of generating capacity from non carbon emitting energy sources such as renewable energy and nuclear power by 2020, CLP is investing in renewable energy projects Asia Pacific , focusing on wind, small hydro and biomass, with an emphasis on India, China and Australia.

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For more information, Please contact:

Kunal Karn
Account Executive
Vaishnavi Corporate Communications

Phone: 42393500
Fax: 23704070

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