STOCK MARKET BSE NSE

Japanese firms keen to invest in hydel projects

Published: 13th September 2012 11:55 AM  |   Last Updated: 13th September 2012 11:55 AM   |  A+A-

apanese

Considering the possibilities of utilising Kochi as a port city, the mini-hydel project equipment manufacturers from Japan are planning to set up a unit here with emphasis on exports.

They are also interested in setting up mini-hydel power projects in the state.

The move will be a boost to the state which is reeling under severe power crisis. Speaking to Express on the sidelines of the ‘Emerging Kerala’ investors’ meet Seabell International Company chief director Hiroshi Oishi said that according to their preliminary assessment low-head mini hydel-power projects are suitable for the state.

 “We are here to introduce the technology suitable for the state. After evaluating the need of the state, we would conduct a feasibility study to know of its compatibility to the geographical conditions here. Considering the environmental aspects of the state, we think that mini-hydel projects are suitable here,” he said.

Considering the soaring costs and the environmental impacts of constructing dams for hydroelectric projects, its high time to shift to the low-head mini hydro projects, Hiroshi Oishi added.

A low-head mini hydro project operates with a fall of water of less than five metres. It allows power generation at remote installations such as streams and is commonly used for rural electrification.

The system has  higher operating efficiency when compared to that of the wind power. Expressing his keen interest in the project, Inkel managing director T Balakrishnan said that mini low head hydro power projects will address the issue of power crisis in the state.

 The Chief Minister too had earlier said he was looking forward to see potential investments in the power sector as the state’s requirements will hit 4,574 MW per annum by the end of 2016-17.

The annual electricity production in the state is only 2,300 MW while consumption is 3,400 MW.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp