September 07, 2008

ReGen Powertech opens wind turbine unit in AP

It is reported that ReGen Powertech Private Limited is planning to begin production from its newly commissioned wind turbine generator facility in Andhra Pradesh by April 2008.

As per report set up on 45 acres of land at Mambattu near Tada in Andhra Pradesh, the plant will produce 1.5 MW gearless wind turbines. The plant was inaugurated at the hands of Andhra Pradesh Chief Minister Dr YSR Reddy on March 21st 2008.

In phase I, the unit will annually produce 200 turbine generators, with a gradual ramp up to 500 units by 2010. In subsequent phases, other key components like towers, blades and converter systems will be manufactured. The total cost of phase I, estimated at INR 114 crore, will be financed through equity of INR 90 crore and debt of INR 24 crore. In the remaining phases, an additional INR 170 crore of investment is expected.

ReGen Powertech is lead promoted by the Andhra Pradesh based Nuziveedu Seeds Limited Group. Vensys Energy AG of Germany is the technical collaborator while Indiavision Partners is a strategic investor with 33% stake.