 | |
| Company type | Private |
|---|---|
| Founded | 19 August 2002 [1] |
| Headquarters | New Delhi, India [2] |
Key people | Vineet Mittal (Managing Director) Balkrishan Goenka (Chairman) Kapil Maheshwari (CEO) |
| Products | Electric power |
| Parent | Welspun Group |
| Website | www |
Welspun Energy Private Limited (formerly Welspun Energy Limited) is an independent power company based in New Delhi, India. It is a subsidiary of Welspun Group.
In March 2013, the company commissioned the 50-MW Phalodi solar plant, which that time was the largest solar plant in India. [3] In December 2013 the company commissioned an 8-MW solar project in Karnataka. In February 2014, it inaugurated the 151-MW Neemuch solar project in Madhya Pradesh, which is the India's largest and among the world largest solar-power plants. [4] [5] [6] In April 2014, GE Energy Financial Services invested US$24 million in this project. This was also GE's first investment into a renewable energy project in India. [7] [8] Also in 2013, Welspun Renewables was registered with United Nations Framework Convention on Climate Change (UNFCCC) under the Clean Development Mechanism program of activities. [9] In May 2014, the company commissioned a 19 MW solar power project in Chitradurga district of Karnataka. [10] [11] Together with the Maharashtra State Power Generation Company WEL has developed a 50 MW solar power plant at Baramati in Pune district. [12] In August 2015, the company commissioned a 34-MW solar project in Bhatinda district of Punjab. [13] The company aims to develop a total of 550 MW solar capacities in Karnataka, 100 MW in Andhra Pradesh, and 150 MW in Punjab. [14] [15]
In June 2014, Asian Development Bank made a US$50 million equity investment into Welspun Renewables, the largest direct equity investment in the renewable energy sector by ADB. [16] [17] [18]
Adani Power entered into agreement with Welspun Energy in October 2015 to buy two ready-to-build coal-fired power plants for Rs. 400 Crore. [19] The plants were a proposed 1,320 MW plant in Mirzapur and another in Madhya Pradesh. In December 2016, the National Green Tribunal withdrew environmental clearance for the Mirzapur plant, making it unlikely that it will be built. [20]
On 12 June 2016, Tata Power announced that it had signed an agreement with Welspun Energy to acquire Welspun Renewables Energy Pvt. Ltd, the latter's subsidiary in the renewable energy industry. The Rs 9,249 crore ($1.4 billion) acquisition will give Tata control of Welspun's 1.14 GW of renewable energy capacity. [21] [22] The deal is the largest solar acquisition in Asia. [23] It was completed on 14 September 2016. [24] [25]
Welspun Power proposed the 1320-MW Mirzapur thermal power plant in Uttar Pradesh and 2,000-MW Katni thermal power plant in Madhya Pradesh. Both of these coal plants were suspected of using unofficial methods to obtain their clearances. While the accusation against the Katni Power plant is still in progress, the Environmental Clearance to Mirzapur Thermal Power Plant has been set aside by the National Green Tribunal, New Delhi in December, 2016.
The main reasons for setting aside the clearances was due to concealing of certain facts, following questionable procedures for its EIA and unfair conduct of public hearing-terming the process of obtaining the green light as 'tainted' by the courts. [26] [27] [28] [29]
NLC India Limited (NLC) is a central public sector undertaking under the administrative control of the Ministry of Coal, Government of India. It annually produces about 30 million tonnes of lignite from opencast mines at Neyveli in the state of Tamil Nadu in southern India and at Barsingsar in Bikaner district of Rajasthan state. The lignite is used at pithead thermal power stations of 3640 MW installed capacity to produce electricity. Its joint venture has a 1000 MW thermal power station using coal. Lately, it has diversified into renewable energy production and installed 1404 MW solar power plant to produce electricity from photovoltaic (PV) cells and 51 MW electricity from windmills.
Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India and is part of the Tata Group. With an installed electricity generation capacity of 14,707 MW out of which 5847 MW is from Non-Conventional(Green Energy) sources rest from thermal, making it India's largest integrated power company. In February 2017, Tata Power became the first Indian company to ship over 1 GW solar modules.
India's solar power installed capacity was 90.76 GW AC as of 30 September 2024. India is the third largest producer of solar power globally.
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Welspun Corp Limited is an Indian multinational company with its headquarters in Mumbai, India. It specializes in manufacturing large-diameter pipes and operates in multiple countries across six continents. Its manufacturing facilities are located in Anjar (Gujarat), Bhopal, Mandya (Karnataka), Jhagadia (Gujarat), and Little Rock, Arkansas, in the US.
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NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.
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Hindustan Powerprojects Private Ltd. (HPPPL), formerly known as Moser Baer Projects Pvt Ltd, is an electrical power developer in India, started by Ratul Puri. It operates in power generation, power trading, EPC, and development and renewables across thermal, solar, hydro and mining vertical markets. The company holds assets of around ₹ 14,500 crore to date, and is the fastest growing integrated power company in India.
The Welspun Solar MP project is a 151 megawatt (MW) photovoltaic power station built in Bhagwanpura village, just south of Diken, Jawad tehsil of Neemuch district, Madhya Pradesh state, in central India.
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Vikram Solar Limited is an Indian company based in Kolkata. It is one of the largest solar module manufacturers in India, with 3.5 GW module manufacturing capacity annually and the second-largest solar energy company in India by revenue. The company's primary business focus is manufacturing solar PV modules, and also carrying out engineering, procurement, and construction services and operations, and maintenance of solar power plants.
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SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking in the Navratna Category which is involved in hydroelectric power generation and transmission. It was incorporated in 1988 as Nathpa Jhakri Power Corporation, a joint venture between the Government of India and the Government of Himachal Pradesh. The company has a total operating hydropower capacity of 1972 MW through its three hydropower plants—Nathpa Jhakri and Rampur and Naitwar Mori. In addition, it has an installed capacity of 97.6 MW of wind power and 396.9 MW of solar power.
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