Hatsun Agro Product (HAP), India's leading private dairy company has commissioned wind power plants with 24 MW capacities in Tuticorin district, Tamil Nadu. A solar plant with 550 KW capacities is getting ready to be commissioned during March 2017 in Dindigul district, Tamil Nadu. These wind and solar projects are part of HAP's ongoing efforts to promote the use of clean and green energy sources.
The wind and solar projects costing Rs 1.80 billion is expected to generate around 73 million units of electricity per annum which will be utilized for captive consumption. The green energy projects will meet 75% of the power requirements of HAP.
The wind power project commissioned by Gamesa India comprises of 12 Wind Turbine Generators which is of latest technology and has a capacity of 2 MW each. The eco-friendly projects are an integral part of HAP's effort in creating a sustainable environment by reducing CO2 emissions of 36,000 tonnes annually. The operational life of the project will be around 25 years.
RG Chandramogan, chairman and MD, Hatsun Agro Product, "Building green energy infrastructure for captive consumption is one of the top priorities at Hatsun Agro Product Ltd. We are delighted to commission wind and solos' power projects that meet over 3/4th of our power requirements which is critical to our operations. These green energy projects will result in substantial savings in energy costs in the long term for the company and in our own way contribute to building a greener India. We will continue to invest in sustainable energy".
Shares of the company declined Rs 5.1, or 1.08%, to trade at Rs 465.00. The total volume of shares traded was 585 at the BSE (12.26 p.m., Monday).