WIND: NTPC+Japan to install 500MW

For state-run generation utility NTPC the answer is blowing in the wind. Stung by high fuel costs, the company is chasing a green dream by forming a joint venture with the Asian Development Bank and Kyuden International Corporation, a wholly-owned subsidiary of Japan’s Kyushu Electric Power Company , for producing power from renewable sources.
The joint venture has set a target of achieving a capacity to produce 500mw — primarily from wind power plants and small hydel projects — within three years. The venture will eventually look at setting up such plants abroad in future. NTPC will initially hold 50% in the venture and the other two partners will have 25% each.
The move is part of NTPC’s strategy of adding 1,000 mw green capacity to its portfolio in the long term. 650 mw through wind by 2017. NTPC is assessing various potential locations for wind farms in association with the Centre for Wind Energy Technology (C-WET ), a research and development institution under the Ministry of New and Renewable Energy.