Monday, 19 January 2009

Suzlon-subsidiary to develop 1,500 MW wind projects in Gujarat

Suzlon Gujarat Wind Park Ltd. (SGWPL), wholly owned subsidiary of Suzlon Energy Ltd., the world’s fifth leading and India’s largest wind turbine manufacturer*, announced the signing of an Memorandum of Understanding (MoU) with the Government of Gujarat for developing wind power projects of up to 1,500 MW in the Kutch-Saurashtra region of Gujarat.

SGWPL will play the role of a developer and provide single-window solutions to customers investing in the project, facilitating permits and regulatory clearances, land, basic services and infrastructure etc For Suzlon it is part of normal operating working capital and will not result in any incremental capital outlay.

The MoU builds on the friendly investment climate for the wind sector created by the recent ‘Amendment of the Wind Policy 2007’ announced by the Government of Gujarat. This development will create a good investment opportunity for customers and also create a win-win proposition for the company, customers, government and other stakeholders.

Source : Renewable News sites

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