With the government restoring tax benefits in promotion of clean energy in Gujarat, Madhya Pradesh and Rajasthan, Green Infra, a company promoted by IDFC PE Fund, has awarded a 166 mw contract to Inox Wind to set up projects in these states. Inox Wind, part of the $2 billion (about Rs. 12,400cr) Inox group with interests in multiplexes, cryogenic technology refrigerants and industrial gases, is a subsidiary of Gujarat Fluorochemicals.
Devansh Jain, director, Inox Wind, said, "The company will develop and construct the projects on a turnkey basis, supply 83 units of 2 mw wind turbine generators and undertake long-term operations and maintenance." This development is the result of the government's thrust on renewable sector that has boosted investors' sentiments and attracted several companies to wind and solar power generation.