Land Bank & Infrastructure Developer for 100 MW Wind Farm Project

Opportunity Snapshot

  • Country: India India
  • Industry: Energy, Natural Resources, Mining
  • Stage: Initial growth (first revenues)
  • Years in operations: 5, Employees: 20
  • Investment size: $1,000,000 / min. $1,000,000
  • Type of investment: Equity
Wind Farm Project in India A land bank is available to put up 100 MW wind power project near Kolhapur in Maharashtra. Image courtesy of jimmedia, 2008, Flickr CC.

Investment Opportunity

Land Bank and Infrastructure Development for a 100 MW Wind Farm Project near Kolhapur District, Maharashtra State, India.

We are an Engineering Private Limited Company registered under the Company’s Act 1956, during the month of Oct. 2010. We have our registered office in Kirkee, Pune, Maharashtra, and a Land Bank to put up 100 MW wind power project near Kolhapur in Maharashtra.

The Infrastructure for the Kolhapur Wind Farm Project will be developed by us and transferred to an independent power producer, as an wiling buyer. We will be completing the initial procedures such as Procurement of Land, Construction of Internal Road, Crane Pad, WTG Foundation, Pooling Station etc. and transfer the land to the IPP along with all the required clearances and permissions from the State Govt.

The Project will be installed with 50 wind turbine generators (WTGs), each with a rated output of 2 MW, on ridges ascending from north south perpendicular to the prevailing wind direction from the west. The Project is planned to be fully commissioned by end of 2015. The Project’s Plant Load Factor is projected to be 31.9%, providing 918720 hours (h) of operation at full-capacity equivalent and supplying clean electricity from renewable wind resources per annum to mitigate chronic shortage on the Western Grid of the state EB.

The project site is favorable for wind power development. The average annual wind velocity at 75 m above ground is 8.12 m per second (m/s) and the annual wind energy density at 70 m is 368 watts per square meter. The frequencies for the five wind directions (west-northwest, northwest, north-northwest, southeast, and south-southeast) sum to 71.5%, and the probability for the wind velocity ranging between 7 m/s and 25 m/s stands at 99.96%. The estimated maximum wind velocity averaged over a 10-minute interval occurring once every 50 years is 47.1 m/s.

Physical Environment

The project site is mostly uninhabited and degraded grassland, with many rock outcrops and gravel areas with scarce vegetation. The soil is arid, mainly laterite and hard murum with little agricultural value. The project area has certain natural water sources, including both surface and groundwater, but does not enclose any identified archaeological, historical, cultural, or religious sites or commercial deposits of mineral resources. The air and water quality is typically average for the region. The background noise comes mainly from wind.

Land Acquisition

The land to be affected by the Project will total 400 Acres, of which 250 acres will be permanently occupied and the balance will be temporarily used. Most lands are on currently unproductive ridges and can be acquired through negotiations with the villagers as willing sellers.

Indigenous Peoples and Resettlement

No indigenous people live close to or within the sites identified for the wind farm. As the sites are vacant, there is no need for resettlement arrangements.

Environmental Impacts and Mitigation Measures

Environmental protection standards in India have been strengthened in recent years. The construction and operation of wind farms must strictly follow a series of national standards, including the following:
(i) Ambient Air Quality Standards
(ii) Surface Water Quality Standards
(iii) Standard of Environmental Noise in the Urban Area
(iv) Ecology Quality Standards;
(v) Air Pollutant Discharge Standards
(vi) Sewage Discharge Standard.

Competitive Advantage

Direct Players - Regen, Enercon, Gamesa.

Our advantage over the competitors is that we have already invested INR 45 Million by way of procuring 50% of the private land and also paid advance to balance 50% of the land owners.

There are some locations coming in the Revenue land, for which we have submitted an application for allotment of the land in our name , and it is progress.

Rationale for the deal

We have identified the land and and are extending all the necessary cooperation to the IPP due to a strong hold with the local population.

The local population will enjoy a lot of job opportunities during the construction phase, as well as tourist inflow after completion of the project.

After completion of this project we will be having an opportunity to provide land bank for another 300 MW wind farm project in Maharashtra itself for the coming 5 years.

Use of financing

We need one million USD for buying all the remaining land required for the 50 locations.

The reason for approaching a financier is due to lack of funds. We have spent almost 45 Million INR for the last 5 years for project development activities.

The desired investment instalment schedule will be 50% each month for the first 2 months.

Opportunity for the investor

Investors are invied to participate on equity basis or profit sharing basis.

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