As part of expanding its footprint beyond airport development, the Cochin International Airport Limited through its fully-owned subsidiary CIAL Infrastructure Limited is planning to diversify its area of operations.
CIAL Infrastructure Limited has focused its attention on the power sector for the time being.
It has already undertaken a solar power project of one megawatt at an investment of Rs. 8 crore. It is likely to be completed within a couple of months. The energy generated from the project will be utilized by CIAL itself to control its burgeoning power bill.
More importantly, CIAL Infrastructure Limited is now looking at a much bigger picture. It is gearing up to bid for the most feasible among 62 small hydel projects for which the State government is likely to float tenders shortly. The proposal is now in the Request for Financial Qualification stage.
The company will discuss with the Kerala State Electricity Board in this regard shortly. The decision to opt for the bidding route was intentional despite being a company in which the government has stakes.
Sources said CIAL Infrastructure Limited was in the process of verifying feasible hydel projects with a capacity in the range of 60-70 megawatts from among the 62.
“Right now the focus is on hydel projects and offering consultancy services for airport development. We will be holding discussions with companies and agencies willing to be part of the projects to be undertaken by CIAL Infrastructure Limited,” Minister for Airports K. Babu, who is also a member of the CIAL director board, told The Hindu.
Asked whether the company is open to partnership for the execution of hydel projects since it has no expertise in the field, sources said the company was open to partnerships beneficial to its plans to expand the area of operations.
Mr. Babu announced during the last board meeting held on Saturday that BPCL had evinced interest in buying a stake in the CIAL Infrastructure Limited.