European wind turbine maker Gamesa's Indian subsidiary, Gamesa Wind Turbines, today said it has bagged an order from Caparo Energy India Limited for commissioning 2,000 MW of turbine capacity.
"Gamesa Wind Turbines Pvt Ltd today announced the signing of an order with Caparo Energy India Limited (CEIL) for the supply, erection and commissioning of 2,000 MW of turbine capacity for wind power projects to be set up in India," a company statement said.
However, the statement did not mention the value of the contract.
"We are very pleased to be the partner of choice for CEIL. Gamesa is glad to bring to India its vast experience in the wind energy space and thus play a major role in defining the country's energy future," Ramesh Kymal, chairman and managing director of Gamesa in India, said.
This contract entails supply, erection and commissioning of turbines with a cumulative capacity of 2,000 MW over the next five years, starting with around 150 MW, the statement said.
The agreement is a part of Caparo Energy's long-term strategy to secure its supply of turbines at a preferential price.
"This agreement with Gamesa will be a significant step in meeting the long-term development goals of our company," Caparo Energy India Limited Chief Executive Officer Ravi Kailas said.
Deliveries under this agreement are expected to commence by January, 2012, and be completed by 2016.
This agreement will be serviced through Gamesa's new capacities that are coming up in India, which will manufacture turbines and blades.
As per latest estimates, 2,500 MW of new wind power installations came up in the Indian market in 2010 and another 5,000 MW of new capacity is expected to come up every year by 2015. The country's cumulative installed capacity is expected to reach 64,000 MW by 2020.
According to IWTMA (Indian Wind Turbine Manufacturers Association), the wind sector in India has been growing at 30 to 40% per annum in the past five years and the growth rate is expected to increase significantly in the coming years.
