After Solar Plant, ED attaches Nirav Modi’s wind farm worth Rs 53 crore


After Solar Plant, ED attaches Nirav Modi’s wind farm worth Rs 53 crore

After solar power plant in Ahmednagar district of Maharashtra, now Nirav Modi’s wind farm in Jaisalmer district of Rajasthan has been provisionally attached under the Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate (ED).

The wind farm has a power capacity of 9.6 megawatts (MW) worth Rs 52.80 crore.  The wind farm located at Akal Jodha in Jaisalmer district is owned by Modi’s shell companies Solar Exports, Stellar Diamonds, Diamond R US and Neeshal Merchandising Pvt Ltd (unit of 2.4 MW each). The signing of Power Purchase Agreement (PPA) with Enercon (as a contractor) and the commissioning of this wind power plant took place in 2011.

“With the help of Enercon (one of the leading players in wind power sector), Modi’s shell companies erected four units (erecting 12 big fans of 800 kV each) generating 9.6 MW electricity for Rajasthan Electricity Board. Each company was owning 3 fans ie 2.4 MW per unit under its name,” an official confirmed to Indiatoday.in. The wind farm also generates revenue of Rs 4-5 crore per annum. Read More

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