Techno Electric to Invest $2.2bn in Power by 2017

10 April 2011 (Last Updated April 10th, 2011 18:30)

Techno Electric & Engineering plans to invest INR100bn ($2.27bn) in developing various power projects in India over the next seven years. Techno Electric & Engineering managing director PP Gupta told Indian trade website SmartInvestor.in that the investment will include $1.59bn

Techno Electric & Engineering plans to invest INR100bn ($2.27bn) in developing various power projects in India over the next seven years.

Techno Electric & Engineering managing director PP Gupta told Indian trade website SmartInvestor.in that the investment will include $1.59bn in power generation and $683.6m in distribution and transmission.

The company also unveiled plans to venture into contract farming, through which it plans to generate 50% to 60% of its biofuel requirement.

The company expects the generation capacity of various wind and biomass projects to be between 1,250MW and 1,300MW.

Techno currently has 60MW of biomass projects worth $68.36m and are scheduled to be completed over the next three years.