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Karma Energy to acquire six Wind mills from Weizmann Forex

Power News - Published on Wed, 10 Oct 2018

Image Source: Udaipur Kiran
Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same. The existing capacity is 34.95 MW installed in the states of Andhra Pradesh, Tamil Nadu and Maharashtra with capacity utilization of 16%, while the proposed capacity addition will be 3.6 MW. The period within which the proposed capacity is to be added is 3 months. The investment required is INR 8.52 crore including GST.

Karma Energy spearheads the development of Renewable Energy Sector viz. Wind Power, Small Hydro Power of the Group.

Karma Energy Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SE6I Regulations, 2015'.we hereby inform you that the Board of Directors at their meeting held today i.e 6th October, 2018 have decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from M/s. Weizmann Forex Ltd, subiect to compliance with all applicable laws and requisite approvals, if any.

Source :

Posted By : Rabi Wangkhem on Wed, 10 Oct 2018
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