Wind turbine-maker Suzlon today said it has bagged an over Rs 600 crore contract 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 $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.