The Indian Oil Corporation is foraying into wind energy in a bid to evolve into an integrated global energy provider.
With this aim in mind, IOC plans to set up a 50 MW wind power project. The company is looking for possible sites in Gujarat, Rajasthan, Maharashtra and Karnataka and is expected to invite bids in the next six months.
According to sources, IOC has set up 14 wind mills with a capacity of nearly 1.5 MW each aggregating 21 MW. It has invested INR 130 crore in setting up the windmill farms.
