Making its debut in the non-conventional energy sector, Reliance Energy Ltd (RED, has tied up with General Electric (GE) of the US to develop wind power projects in the country. REL plans to develop a 500 MW wind power project, which, apart from being the largest such project in the region, will also account for 15 per cent of the total installed wind power capacity in India. The total installed capacity of wind power projects in the country is around 3,595 MW. The project is expected to cost Rs 2,500 crore, 75 per cent of which will be the cost of equipment to be supplied by GE.
According to sources, the MoU between REL and GE states that they will work jointly to develop wind power at the most competitive cost of energy. While REL will lead the project development activities and be responsible for land, infrastructure and obtaining approvals, GE will supply all relevant equipment for the project. They have mutually decided on a target schedule of 2007. Informed REL officials.