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Thursday, June 19, 2014
Suzlon Energy secures 100 MW turbine contract from CLP Group
Wind power now forms almost one-third of CLP India’s portfolio in the country
Jun 19 2014: Suzlon Energy Ltd, the world’s fifth largest wind turbine manufacturer, on Thursday said it has received a go-ahead from CLP India Pvt. Ltd for a 100.8 megawatt (MW) wind power project in Tejuva, Rajasthan.
A wind turbine costs about Rs.6 crore per MW, which makes this contract worth about Rs.600 crore. CLP India is a wholly owned subsidiary of Hong Kong-listed CLP Group that invests in Asian power businesses in Asia. CLP India was waiting for a final approval from Rajasthan for its wind energy projects.
On Wednesday, the state government approved an amendment in its wind energy law to attract investment of Rs.2,500 crore to produce 400MW power from windmills. Wind power now forms almost one-third of his company’s portfolio in India, said Mahesh Makhija, director, renewables business development, CLP India.
At 11.28am on Thursday, Suzlon Energy shed 1.06% to Rs.27.95 in Mumbai trading, while the benchmark Sensex rose 0.08% to 25,267.34 points.
Courtesy: Live Mint