Project Description
LNJ Power Ventures Limited (the “Company”) is a project SPV established by Bhilwara Energy Limited (“BEL”) to develop and own a 20MW wind power project in Jaisalmer, Rajasthan, under the Group Captive Scheme in India (the “Project”). The Company will be owned 74% by BEL (or a wholly-owned subsidiary of BEL) and 26% by RSWM Ltd. (“RSWM”).
RSWM is the flagship company for yarn and textiles manufacturing business of the LNJ Bhilwara Group. It operates several manufacturing facilities in Rajasthan. RSWM generates the majority of its electricity requirement through captive projects. This Project will enable RSWM to increase renewable energy consumption for its activities. The entire power generated by the Project is expected to be utilized by facilities owned by RSWM.
The Project is expected to be commissioned by March 31, 2013.