India’s largest wind turbine maker Suzlon Energy has bagged a Rs 650-crore order from Chennai-based Orient Green Power Company to supply turbines for projects with a cumulative capacity of over 100 MW.
“Suzlon received an order from Orient Green Power Company for supplying wind turbines for over 100-MW wind projects,” a company statement said today.
The order involves supply of 48 Suzlon wind turbine units. The first project in Gujarat will have a capacity of 50.4 MW and will be commissioned by May 2012, while the second 50.4 MW project in Karnataka is scheduled for implementation by June 2012.
“We are very pleased to partner with Orient Green Power Company and look forward to delivering a complete project and services package,” the Suzlon Group Chairman and Managing Director, Mr Tulsi R. Tanti, said.
Shares of Suzlon Energy were trading at Rs 50.10, up 0.15 per cent, on the Bombay Stock Exchange in the afternoon today.
“OGPL is one of India’s leading renewable Independent Power Producers (IPPs) and this order clearly underscores Suzlon’s value proposition as an integrated solutions provider in what is a rapidly growing sector. We are very pleased to partner with OGPL and look forward to delivering a complete project and services package that exceeds the expectations of this pioneering firm,” Mr Tanti said in a statement.
One of the world’s largest wind power firms, Suzlon enjoys annual revenues of about $4 billion and has a presence across Asia, Australia, Europe, Africa and North and South America, with over 17,000 MW of wind energy capacity installed in 28 countries and operations across 32 countries.
OGPL is a subsidiary of the Shriram EPC Group, with a primary focus on wind energy and over 198 MW of wind assets already operational.