For acquiring wind power farms, Srei group-owned thermal power generation and distribution outfit DPSC on June 27 floated expression of interest (EoI). DPSC is looking to expand (its) renewable portfolio and is interested to acquire existing operational wind farms, capacity in the range of 20-100 mw, the EoI document said. DPSC is also looking overseas, particularly in Europe for buying out existing wind farms.
Siddharth Mehta, Chief Executive Officer, DPSC, the company is aggressively looking at expanding wind power portfolio through buyouts, both within the country where we plan to add another 100 mw and also outside the country where we are in advance talks to acquire farms in Europe. Acquisition of an 100 mw wind power asset in Europe would entail an investment of at least Rs 500 crore, he said.
DPSC is primarily a distribution company with a licence area of 618 sq km in the Asansol-Ranigunj industrial belt of West Bengal. Additionally, it has been running a 12 mw plant near Asansol. IPCL, the unlisted holding company with which DPSC is being merged, operates windmill capacity of 100 mw in Gujarat and Rajasthan.
DPSC-IPCL is currently setting up two thermal power projects in West Bengal, a 540 mw project in Raghunathpur and another 450 mw plant at Haldia.
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