We want to be a 1,000-MW company by end of 12th Plan period

Sep 14 2013, 14:16 IST
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SummaryBreaking away from the Hero Group’s traditional business interest in auto/auto ancillaries, finance and IT enabled services, the new thinking brought in by the third generation at the Munjal family is getting the group to explore new opportunities in here-thereto uncharted territory of renewable energy.

of projects. As of now, we expect most of our solar power projects to be less than 150 MW in capacity. Besides, my understanding is that the land bill is not coming in way of a bilateral deal that the company undertakes with land owners.

Will the company also look for opportunities to invest in projects abroad?

Right now we have given the mandate to the company to look at opportunities in the domestic market. But will also explore opportunities to invest abroad.

Has the recent sharp depreciation of rupee impacted costs in the renewable energy space affecting its competitiveness?

Let us understand that import component in wind power generation is mere 10-15 % so actual impact of rupee depreciation on cost s here would be restricted to a mere 5-10%. But as far as solar goes, there would a larger impact as 60-70% of components are largely imported. We should understand that rupee depreciation has added expenditure for conventional power projects as cost of imported coal has also gone up. In solar the cost of module is going down and this would further reduce pressure from a depreciating rupee.

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