->Aakash Singh India: Minor

2021-09-28T07:03:41Z

Minor

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{{Use dmy dates|date=April 2018}}
{{Use Indian English|date=April 2018}}

{{Infobox company
| name = Welspun Energy Private Limited
| founded = 19 August 2002<ref>{{Cite web|url=https://www.ibef.org/industry/power-sector-india/showcase/welspun-energy|title=Welspun Energy | IBEF}}</ref>
| logo = Welspun Energy Logo.svg
| logo_size = 200px
| type = Private company
| location = [[New Delhi]], [[India]]<ref>{{cite web|url=http://www.welspunenergy.com/contact_us.html |title=Welcome to Welspun Energy Limited |publisher=Welspun Energy |accessdate=12 January 2011}}</ref>
| key_people = Vineet Mittal <br> {{small|(Managing Director)}}<ref name=azocleantech>{{cite news|url=http://www.azocleantech.com/details.asp?newsID=13739 |title=MOU Signed by Indian State and Welspun Energy for Power Project |work = AZoCleantech |date= 12 January 2013 |accessdate=12 January 2011}}</ref><br> [[Balkrishan Goenka]] <br> {{small|(Chairman)}}
| area_served =
| industry =
| products = [[Electric power]]
| num_employees =
| net_income =
| assets =
| equity =
| parent = [[Welspun Group]]
| homepage = {{url|www.welspunenergy.com}}
}}

'''Welspun Energy Private Limited ''' (formerly Welspun Energy Limited) is an independent power company based in [[New Delhi]], India. It is a subsidiary of [[Welspun Group]]. In addition to the coal-based power projects, WEPL is the biggest developer of solar projects in India.<ref name=et310713>{{cite news | url = http://economictimes.indiatimes.com/news/news-by-industry/energy/power/welspun-energys-plan-gets-registered-with-united-nations/articleshow/21512259.cms | title = Welspun Energy's plan gets registered with United Nations | newspaper = [[The Economic Times]] | date= 31 July 2013 | accessdate=13 August 2013}}</ref>

Welspun Renewables is registered with United Nations Framework Convention on Climate Change (UNFCCC) under the Clean Development Mechanism program of activities.<ref>{{cite news | title = Welspun registers India's first dual scale renewable energy program under UNFCCC | url = http://timesofindia.indiatimes.com/city/chennai/Welspun-registers-Indias-first-dual-scale-renewable-energy-program-under-UNFCCC/articleshow/21553937.cms | newspaper = The Times of India | date = 2013-08-02 | accessdate = 2015-09-08}}</ref>
[[File:Neemuch Solar plant.jpg|thumb|right|The 151 MW (DC) solar plant at [[Neemuch]] is one of the largest solar plants in the world.]]

==History==
In March 2013, the company commissioned the 50-MW Phalodi solar plant, which that time was the largest solar plant in India.<ref>{{cite news | url = http://www.business-standard.com/article/companies/welspun-energy-commissions-largest-solar-project-113031200318_1.html | title = Welspun Energy commissions largest solar project | newspaper = Business Standard| date= 31 July 2013 | accessdate=13 August 2013}}</ref> In December 2013 the company commissioned an 8-MW solar project in [[Karnataka]]. In February 2014, it inaugurated the 151-MW [[Neemuch]] solar project in [[Madhya Pradesh]], which is the India's largest and among the world largest solar-power plants.<ref name=iifl260214>{{cite news | url = http://www.indiainfoline.com/Markets/News/Narendra-Modi-Shivraj-Singh-Chouhan-inaugurate-solar-power-projects-in-MP/5875383514 | title = Narendra Modi, Shivraj Singh Chouhan inaugurate solar power projects in MP | agency = India Infoline News Service | date= 26 February 2014 | accessdate=30 April 2014}}</ref><ref name=bloomberg250414>{{cite news | url = https://www.bloomberg.com/news/2014-04-25/ge-invests-24-million-in-welspun-s-india-solar-plant.html | title = GE Invests $24 Million in Welspun's India Solar Plant | agency = [[Bloomberg L.P.|Bloomberg]] | date= 25 April 2014 | accessdate=30 April 2014}}</ref><ref>{{cite news | url=http://www.dnaindia.com/india/report-india-s-largest-solar-power-plant-planned-in-madhya-pradesh-2006810 | agency = [[Press Trust of India|PTI]] | newspaper = dna | title=India's largest solar power plant planned in Madhya Pradesh |date=5 September 2014}}</ref> In April 2014, GE Energy Financial Services invested US$24 million in this project. This was also GE's first investment into a renewable energy project in India.<ref>{{cite news | first = P. R. | last = Sanjai | title = GE's unit invests $24 million in Welspun Renewable's solar project | url = http://www.livemint.com/Companies/lVKcDXn7eusVIj2C806ucM/GEs-unit-invests-24-million-in-Welspun-Renewables-solar-p.html | newspaper = [[Mint (newspaper)|Mint]] | date = 2014-04-26 |accessdate = 2015-09-08}}</ref><ref>{{cite news|title = GE Invests $24 Million in Welspun's India Solar Plant | url = https://www.bloomberg.com/news/articles/2014-04-25/ge-invests-24-million-in-welspun-s-india-solar-plant | agency = Bloomberg | date = 2014-04-25 | accessdate = 2015-09-08 | first = Natalie Obiko | last = Pearson}}</ref> In May 2014, the company commissioned a 19 MW solar power project in Chitradurga district of Karnataka.<ref>{{cite news | title = Welspun Renewables announces commissions of 19 MW solar plant in Karnataka | url = http://www.business-standard.com/article/companies/welspun-renewables-announces-commissions-of-19-mw-solar-plant-in-karnataka-114051400845_1.html | newspaper = Business Standard | date = 2014-05-14 | accessdate = 2015-09-08}}</ref><ref>{{cite news | title = Welspun commissions solar plant in Karnataka | url = http://www.powertoday.in/Search/News/Welspun-commissions-solar-plant-in-Karnataka/74881 | work = Power Today |accessdate = 2015-09-08}}</ref> Together with the [[Maharashtra State Power Generation Company]] WEL has developed a 50 MW solar power plant at [[Baramati]] in [[Pune district]].<ref name=mint040314>{{cite news | url = http://www.livemint.com/Companies/Nl2P9vrsN7UpbqyL3GT7LP/Mahagenco-ties-up-with-Welspun-Energy-to-set-up-solar-plant.html | title = Mahagenco ties up with Welspun Energy to set up solar plant at Baramati | newspaper = Mint | date= 4 March 2014 | accessdate=30 April 2014}}</ref> In August 2015, the company commissioned a 34-MW solar project in Bhatinda district of Punjab.<ref>{{cite news | title = Welspun Renewables commissions 34 MW solar project in Punjab | newspaper = The Economic Times | url = http://articles.economictimes.indiatimes.com/2015-08-03/news/65165569 |accessdate = 2015-09-08}}</ref> The company aims to develop a total of 550  MW solar capacities in Karnataka, 100 MW in [[Andhra Pradesh]], and 150 MW in Punjab.<ref name=h120713>{{cite news | url = http://www.thehindu.com/business/Industry/welspun-energy-mulls-setting-up-rs-200-cr-solar-plant-in-assam/article5120143.ece | title = Welspun Energy mulls setting up Rs.200 crore solar plant in Assam | newspaper = [[The Hindu]] | date= 12 September 2013 | accessdate=30 April 2014}}</ref><ref name=et080114>{{cite news | url = http://economictimes.indiatimes.com/articleshow/28556603.cms | title = Welspun to invest Rs 1,350 cr to set solar power project in Punjab | newspaper = [[The Economic Times|Economic Times]] | date= 8 January 2014 | accessdate=30 April 2014}}</ref>

In June 2014, [[Asian Development Bank]] made a US$50 million equity investment into Welspun Renewables, the largest direct equity investment in the renewable energy sector by ADB.<ref>{{Cite web|title = Companies|url = http://www.livemint.com/Companies/Tw0eoW3AVXoNR9tYggTFDN/ADB-buys-stake-in-Welspun-Renewables-for-50-million.html|website = livemint.com|accessdate = 2015-09-08|first = Natalie Obiko|last = Pearson|date = 21 June 2014}}</ref><ref>{{Cite web|title = Asian Development Bank invests equity capital in Welspun Energy group company|url = http://articles.economictimes.indiatimes.com/2014-06-23/news/50798652_1_welspun-energy-wind-power-projects-adb|accessdate = 2015-09-08}}</ref><ref>{{cite web | title = Asian Development Bank Invests $50 Million In Indian Renewable Energy Company | url = http://cleantechnica.com/2014/06/24/asian-development-bank-invests-50-million-indian-renewable-energy-company/| work = CleanTechnica | date = 24 June 2014| accessdate = 2015-09-08}}</ref>

[[Adani Power]] entered into agreement with Welspun Energy in October 2015 to buy two ready-to-build coal-fired power plants for Rs. 400 Crore.<ref>{{cite news | url = http://economictimes.indiatimes.com/articleshow/49260489.cms | title = Adani Power in talks with Welspun Group to buy power plants | newspaper = The Economic Times| date=7 October 2015 | accessdate=29 December 2016}}</ref> The plants were a proposed 1,320 MW plant in Mirzapur and another in Madhya Pradesh. In December 2016, the National Green Tribunal withdrew environmental clearance for the Mirzapur plant, making it unlikely that it will be built.<ref>{{Cite news|url=http://www.thehindubusinessline.com/economy/policy/economy/article9442293.ece|title=NGT puts brakes on Welspun thermal power plant in UP|last=Datta|first=Aesha|date=2016-12-23|work=The Hindu Business Line|access-date=2017-03-20|language=en}}</ref>

On 12 June 2016, [[Tata Power]] announced that it had signed an agreement with Welspun Energy to acquire Welspun Renewables Energy Pvt. Ltd, the latter's subsidiary in the [[renewable energy industry]]. The Rs 9,249 crore ($1.4 billion) acquisition will give Tata control of Welspun's 1.14 GW of renewable energy capacity. The deal is the largest solar acquisition in Asia.<ref>{{cite news | url = http://economictimes.indiatimes.com/articleshow/52718618.cms | title = Tata Power acquires Welspun Energy's renewable assets for Rs 10,000 crore | newspaper = The Economic Times| date= 13 June 2016 | accessdate=29 December 2016}}</ref> It was completed on 14 September 2016.<ref>{{Cite news|url=http://economictimes.indiatimes.com/industry/energy/power/tata-power-completes-welspun-renewable-energy-acquisition-appoints-chetan-tolia-as-ceo/articleshow/54332905.cms|title=Tata Power completes Welspun Renewable Energy acquisition, appoints Chetan Tolia as CEO|work=The Economic Times|access-date=2017-03-20}}</ref><ref>{{Cite news|url=http://www.livemint.com/Industry/3AVbEpPDEyh5OYbGpK8CLL/Tata-Power-appoints-Chetan-Tolia-as-Welspun-Renewables-CEO.html|title=Tata Power appoints Chetan Tolia as Welspun Renewables CEO|last=Prasad|first=Gireesh Chandra|date=2016-09-14|work=www.livemint.com/|access-date=2017-03-20}}</ref>

==Controversy==
[[File:Environmentalists protest against coal based thermal power project in Delhi.jpg|thumb |300px|Members of [[Vindhyan Ecology and Natural History Foundation|Vindhya Bachao]] protesting against the Mirzapur Thermal Power Plant in New Delhi on 18 November 2013.]]

Welspun Power proposed the 1320-MW Mirzapur thermal power plant in [[Uttar Pradesh]] and 2,000-MW Katni thermal power plant in Madhya Pradesh. Both of these coal plants were suspected of using unofficial methods to obtain their clearances. While the accusation against the Katni Power plant is still in progress, the Environmental Clearance to [[Mirzapur]] Thermal Power Plant has been set aside by the [[National Green Tribunal]], New Delhi in December, 2016. The main reasons for setting aside the clearances was due to concealing of certain facts, following questionable procedures for its [[Environmental impact assessment|EIA]] and unfair conduct of public hearing-terming the process of obtaining the green light as 'tainted' by the courts.<ref>{{cite news | url = http://timesofindia.indiatimes.com/home/environment/the-good-earth/High-court-notice-to-Centre-Madhya-Pradesh-govt-on-Welspun-plant/articleshow/29517083.cms | title = High court notice to Centre, Madhya Pradesh govt on Welspun plant | newspaper = The Times of India| date= 29 January 2014 | accessdate=17 August 2017}}</ref><ref>{{cite news | url = http://www.downtoearth.org.in/news/did-welspun-fudge-facts-for-its-coalfired-power-plant-in-mirzapur--42768 | title = Did Welspun fudge facts for its coal-fired power plant in Mirzapur? | newspaper = Down to Earth| date= 20 November 2013 | accessdate=17 August 2017}}</ref><ref>{{cite news | url = http://timesofindia.indiatimes.com/home/environment/developmental-issues/ngt-nixes-green-nod-to-thermal-power-plant-in-up/articleshow/56149554.cms | title = NGT nixes green nod to thermal power plant in UP | newspaper = The Times of India| date= 24 December 2016 | accessdate= 17 August 2017}}</ref><ref>{{cite news | url = http://www.business-standard.com/article/pti-stories/ngt-quashes-ec-to-welspun-energy-s-mirzapur-power-plant-116122300664_1.html | title = NGT quashes EC to Welspun Energy's Mirzapur power plant | newspaper = Business Standard| date= 23 December 2016 | accessdate= 17 August 2017}}</ref>

==References==
{{reflist}}

==External links==
* {{official website}}

{{Welspun Group}}

[[Category:Companies based in New Delhi]]
[[Category:Renewable energy companies of India]]
[[Category:Electric power companies of India]]
[[Category:Welspun Group]]
[[Category:Energy companies established in 2010]]
[[Category:Indian companies established in 2010]]
[[Category:2010 establishments in Delhi]]

Welspun Energy - Revision history

->Aakash Singh India: Minor