Thursday, September 3, 2009
Nakoda Textiles eyes wind power for tax savings
Nakoda Textile Industries is setting up a 6.75MW wind farm in Tirunelveli, Tamil Nadu. The USD 8.4m project will use turbines procured from Global Wind Power, a company promoted by Reliance ADAG Group. Nakoda claims that the investment in the wind farm will result in significant tax savings and earn revenues from carbon credits.
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