| (October
31, 2005)
As
a socially responsible entity, Kolkata based Gujarat NRE Coke
Limited (GNCL), the largest manufacturer of low ash metallurgical
coke in India is taking further strides forward in keeping
with its mission of being environment friendly. The Board
of the Company has approved investment of Rs 122 crore for
setting up 20 Wind Turbine Generators (WTG) of 1.25 MW each,
aggregating to 25 MW in Kutch, Gujarat. The company already
has two windfarms with total capacity of 2.5 MW in Gujarat.
The
Green Energy from these generators is for GNCL�s captive requirement.
The WTGs have a life of twenty years and a payback period
of five years. Besides substantial savings in energy cost,
GNCL is expected to benefit from the Carbon Credit through
Clean Development Mechanism (CDM) under the Kyoto Protocol
Agreement.
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