Suzlon to invest Rs 18,000 cr in AP

Suzlon said that it would invest for development of wind capacity in the state totaling 3,000 MW.

Written by Press Trust Of India | Hyderabad | Published: January 16, 2012 7:35 pm

Suzlon Energy Limited (SEL),India’s largest wind turbine manufacturer today said that it would invest Rs 18,000 crore in Andhra Pradesh for development of wind capacity in the state totaling 3,000 MW between 2012 and 2016.

Suzlon said it entered into an MoU with the State Government,which was signed under the auspices of the Partnership Summit 2012 in the presence of Chief Minister of Andhra Pradesh,N Kiran Kumar Reddy,a statement from Suzlon said.

“Under the MoU,the Andhra Pradesh government will facilitate Suzlon in obtaining necessary permissions,registrations,approvals and clearances for the development of the wind farms. Suzlon,in turn,will play the role of a developer and facilitate the channelisation of investments into the state through its customers investing in wind energy,” the release said.

The MoU covers the development of new capacity in windfarms across the state,with development planned in the districts and other parts of the state.

Andhra Pradesh is a key emerging wind market in the country,with medium to low wind sites ideally suited to Suzlon’s new S9X suite of turbines,the release added.

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