Suzlon bags Rs 600 cr contract from CLP India

Tags: BSE, Suzlon, Companies
Wind turbine-maker Suzlon today said it has bagged an over Rs 600 crore contract

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from CLP India, the Indian subsidiary of Hongkong-based power company CLP, for setting up a 100-MW project in Rajasthan.

Suzlon Group has signed a contract for a 100-MW wind power project with CLP, India. The project, which would be set up in Rajasthan, comprises 48 wind turbines. It is scheduled to be commissioned by January, 2013, a company statement said.

Suzlon will execute the contract under its end-to-end business

model. The deal is valued at over Rs 600 crore (approximately USD

122 million), the statement said.

CLP India is engaged in renewable energy, supercritical coal-fired

and gas-fired power generation, with its current capacity amounting

to over 2,715 MW. Upon completion, this new wind energy project will

take the company's wind power portfolio to more than 740 MW.

"Renewable energy sources will play a vital role in building

an adequate and responsible power infrastructure over the next few

years. Wind has been a key area of thrust for us over the past four

to five years and we are committed to growing this part of our portfolio

in India by 200 to 300 MW every year," CLP India Managing Director

Rajiv Mishra said.

"This deal is an important step toward fulfilling CLP India's

commitment to growing its renewables portfolio. We trust Suzlon's

proven expertise, capabilities and the latest turbine technology

to deliver expected life cycle value contribution to this project,"

CLP India Director, Renewables Business Development, Mahesh Makhija said.

"Suzlon has the expertise of setting up and operating over 6,800

MW of wind energy assets. Our dedicated IPP (independent power producers)

solutions team is experienced and equipped to meet the specific requirement

of the customers and have been successfully executing many large

contracts," Suzlon Group Chairman Tulsi Tanti said.

"Suzlon is happy to partner with a globally experienced utility

IPP like CLP India and looks forward to nurturing a long-term relationship,"

Tanti said.

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