SEZ for renewable energy

New Delhi, October 13, 2006: The Centre has proposed to set up a special
economic zone for renewable energy device manufacturers, at a proposed
investment of Rs 300 billion, according to Union Minister of State in
charge of non-conventional energy, Vilas Muttemwar.

"Six states including Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka
and Madhya Pradesh have evinced keen interest in setting up the SEZ in
their respective states," Muttemwar said, adding that the government was
yet to decide in which state the SEZ would be set up.

Speaking to reporters on the sidelines of an international power
conference being held in Mumbai on Friday, Muttemwar said the SEZ will
come up on 1,000-acres of land.

The SEZ would also generate 600 MW of renewable energy for captive
purposes. The Union government is negotiating with developers for the
proposed SEZ, the construction work for which is expected to commence
within six months, he added.

A few overseas companies have also expressed their interest in the SEZ,
the Minister said, adding that it will be built on PPP basis.
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