Global concern over pollution and several issues caused by the increase in green house gas emission and consequent changes in climate have resulted in a paradigm shift in the approach towards the development of the energy sector in many countries. The need for adoption of clean technology, improving end use efficiency and diversifying energy bases etc have all been seriously considered by the Government of India since the 6th five year plan and the country is poised for a considerable increase in the use of renewable energy sources in its transition to a sustainable energy base.
Power generation by harnessing wind energy is the most pollution free renewable and environmental friendly energy resource in our country. It is in this context that the group has ventured into power generation by tapping non-conventional energy resources. The group has installed 3 No's of 1.25 MW capacity Suzlon Make Wind Electric Generators at Devarkulam site in Tirunelveli District, Tamil Nadu. About 8 million units are being generated from the WEG'S annually and this is being pumped into the Southern Grid. Identifying vast potential of alternative energy sources, The Muthoot group is planning to invest more in this sector in the near future and so as to full fill our responsibility to our nation.