Suzlon bags Rs 1149 contract to develop wind power project

Pune based wind turbine manufacturer Suzlon Energy Limited (SEL) bags order of Rs 1149 crore from Kolkata’s Techno Electric Group to develop over 202.2 megawatt (MW) wind power projects. Techno Electric combines heavy engineering and light construction capabilities across India’s power generation, transmission and distribution segments.

Techno Electric is an independent power producer (IPP) with operational wind power projects of more than 95 MW, set-up and operated by Suzlon, in the states of Tamil Nadu and Karnataka.

Speaking about the project, Tulsi R. Tanti, chairman and managing director, Suzlon Energy said, “This order stands testament to a new phase of IPP investments in wind power. The IPP segment has the capability to augment bigger wind power capacities quickly. We are fully geared to meet this segment’s specific requirements by adapting to the fast-changing market dynamics, in terms of customer needs, business model, product technology and policy framework.”

The order comprises of 24 units of Suzlon’s 2.1 MW wind turbine generators (WTGs), 34 units of 1.5 MW WTGs and 48 units of 2.1 MW WTGs. The first phase of 101.4 MW will be commissioned in the state of Tamil Nadu by June 2011. The second phase of 100.8 MW will be commissioned by December 2011.

Speaking about the project, P P Gupta, managing director, Techno Electric and Engineering Company Limited said, “We are optimistic about the value creation using a combination of various revenue options, such as the attractive feed-in tariff, generation based incentive, renewable energy certificates and trading power under the open access system. We did a diligent evaluation of various options on the basis of life cycle value contribution to ably support our ambitious 500 MW development plan.”