Golden Gujarat Growth Fund-I has invested in UK’s SITAC group wind farm projects for development of 36 MW Windfarm project in Rajkot, Gujarat. SITAC RE is backed by strong entrepreneur with a very successful track record of starting, acquiring and selling companies in various diverse regions. SITAC RE has developed shovel-ready Wind projects of 200 MW in Gujarat and another 185 MW in Maharashtra, Rajasthan & Karnataka. As an early mover in the Industry, the Company has been able to secure some of the best wind power generation sites. The Company has executed 25 Years PPAs with Govt. of Gujarat for 200 MW projects at a tariff of Rs. 4.15 / unit. The 36 MV project is operational with excellent PLF performance.
D J Jasdan Wind Energy (P) Ltd. (SPV of SITAC RE)