
Suzlon Wins 226.8 MW Order in AP from Leading IPP
Suzlon Group, one of the leading global renewable energy solutions providers in the world, has bagged a 226.8 MW wind power project from a leading Independent Power Producer (IPP).
“The order consists of 108 units of S111 90m tubular tower with rated capacity of 2.1 MW. The project will be located in Anantapur district of Andhra Pradesh, and is scheduled for completion by March 2017,” said Suzlon Energy Ltd in a filing on Wednesday.
As part of the order, Suzlon has entered into an exclusive Supply and Installation Agreement (SIA) and Engineering and Construction of the project. Suzlon will also be responsible for operation and maintenance services with dedicated Life cycle asset management services for an initial period of 10 years. The project has the potential to provide power to over 1,20,000 households and reduce 0.48 million tonnes of CO2 emissions per annum, according to the filing.
Commenting on the development, J P Chalasani, Group CEO, Suzlon Group said, “the order win is a testament of increased interest and investments from Independent Power Producers (IPPs) in the wind sector and we are confident that the demand from IPPs will continue to grow. We are working with most of the IPPs in India and they constitute ~80% of our current order book. This order also reiterates the customer confidence in our technology, product portfolio, execution and life cycle asset management capabilities.”
Last week, the Pune-based company received its maiden order of a 105 MW wind power project from Hyderabad-based Axis Energy Group, which is also to be located in Anantapur district of AP. Suzlon Energy shares surged intraday Wednesday on BSE after the news came in
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