Tamil Nadu government offers interest-free loan to promote wind power units

Chennai Seeking to attract more private players in wind power generation, the state government has said that it would provide interest-free loans for five years to new entrants.

"The government is keen on more private companies producing electricity from wind power... We are ready to provide interest-free loan for five years to those who want to set up the wind power units," Electricity Minister Natham R Viswanathan told the Assembly.

Replying to a Special Call Attention motion moved by the Left parties, he said that the private companies were already producing electricity in their wind farms which have capacities of 440 KiloWatts (KW) and 230 KW.

Asked whether the government had enough infrastructure to store the power produced, he said, "The government is working on the infrastructure."

Tamil Nadu accounts for over 42 per cent of the wind power produced in the country.

Story First Published: May 03, 2012 09:16 IST

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