Suzlon Energy Ltd (SEL) signed of a new order with Kolkata-based Techno Electric Group for over 202.2 MW wind power projects for approximately Rs 1,149 crore. This order is part of a the agreement of 500 MW signed with Suzlon as the preferred supplier. This is the single largest deal by an independent power producer (IPP) in India for wind power investment, Suzlon said in a release on Tuesday.
The group has emerged as an IPP with operational wind power projects of more than 95 MW, set-up and operated by Suzlon in Tamil Nadu and Karnataka. This new order will take Techno Electric Group?s total wind power portfolio to over 297 MW. The first phase of 101.4 MW will be commissioned in Tamil Nadu by June 2011. The second phase of 100.8 MW will be commissioned by December 2011.
The wind power installed capacity in the country is at 12,000 MW while the total estimated onshore wind power potential in India, as per ministry of new and renewable energy data is over 48,000 MW. P Gupta, MD, Techno Electricm, said the company sees substantial growth opportunities for IPPs in India?s wind energy market.
The Group has ambitious plans of 500 MW of wind energy projects and would depend on Suzlon?s expertise to become a major wind power IPP in India. Tulsi Tanti, CMD, Suzlon Energy, said, this order was a new phase of IPP investments in wind power.