GE Energy is making a comeback in the Indian wind energy space. Why did you exit the market in the first place?
In India, the wind energy business has had many resurrections. The first time was in the 1970s and somehow BHEL was involved in it but it soon died because of the tariff structure and also because the market was nascent. In 2004 when textile companies wanted captive power and Tulsi Tanti figured out wind as a source for captive power so there were subsidies, tax holidays and an 80 percent depreciation as the turbine turns so the market in 2004 was primarily a fiscal benefit model and we sold about 14 units between 2004 and January of 2005; one of those which operates in Chitradurga generates the highest Plant Load Factor (PLF) in the world.