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Karma Energy to acquire six Wind mills from Weizmann Forex

Karma Energy has decided to acquire the 6 Nos. of Wind mills together related land, other accessories and components from Weizmann Forex. The Board of Directors of the company at its meeting held on October 6, 2018, decided the same.

The existing capacity is 34.95 MW installed in the states of Andhra Pradesh, Tamil Nadu and Maharashtra with capacity utilization of 16%, while the proposed capacity addition will be 3.6 MW. The period within which the proposed capacity is to be added is 3 months. The investment required is Rs 8.52 crore including GST.

Karma Energy spearheads the development of Renewable Energy Sector viz. Wind Power, Small Hydro Power of the Group.

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