Madhya Pradesh Secures Rs 4000 Cr in Investments for 2 Wind Projects

Madhya Pradesh gained significantly at Davos, with investors promising to invest Rs 4000 crore for the development of two wind energy projects in the state.

Madhya Pradesh gained significantly at Davos, where the World Economic Forum (WEF) is holding its annual meet, with investors promising to invest Rs 4,125 crore, of which Rs 4000 crore has been promised for development of two wind energy projects in the state.

Madhya Pradesh Chief Minister Kamal Nath along with senior officials including Chief Secretary S R Mohanty and Principal Secretary Industries Rajesh Rajora, held discussions with potential investors at Davos and showcased the state as a viable investment destination.

The two central wind projects of capacity 325 MW each are now approved. One by Soft Bank Energy (Japan) and another by Actis (England) would be coming to the state. It will involve a total investment of Rs 4,000 crore, Rajora said.

The other Rs 125 crore has been invested in the Daawat Food Ltd, which has a plant in Mandideep, near Bhopal and received an FDI worth Rs 125 crore from Saudi Arabia Agriculture and Livestock Investment Company (SALIC).

As per reports, Kamal Nath also held discussions at length with Max Peterson, the Vice President of Amazon Web Service, assuring him that all facilities and resources needed for data centre like land, electricity and workforce are available in Madhya Pradesh.

Recently, we had reported that Chinese wind turbine manufacturer Envision Energy had successfully commissioned two wind energy plants in the state of Gujarat with a combined generation capacity of 232.5 MW.

The contracts involved a 197.5 MW wind power project for Actis-backed Sprng Energy and a 35 MW project for ReNew Power which WAS awarded under tranche 1 of Gujarat Urja Vikas Nigam’s (GUVNL) wind auctions. The projects were built on a turnkey basis using state-of-the-art 2.5-MW turbines with 131 m rotor diameter and 120 m hub height, the company said in a statement.