Suzlon receives 100MW turbine order from Orient Green Power
India-based wind turbine manufacturer Suzlon has been contracted by Orient Green Power (OGP), also based in India, to supply units for more than 100MW of wind power projects. The order is valued at Rs650 crore (USD146m) and comprises 48 turbines.
The first 50.4MW installation is scheduled to be functioning in Gujarat, west India, in May 2012 and the remaining 50.4MW is expected to be completed by June 2012 and will deliver power to Karnataka in the south of the country.
P. Krishnakumar, managing director of OGP, said, 'It is our goal to be India's largest diversified, independent renewable energy company. Wind energy, with its various revenue options and value creation opportunities, is a clear focus for us and we see Suzlon, with its long-standing leadership of the Indian wind sector, as the right long-term partner.'
OGP is part if the Shriram EPC Group, India's largest wind installer with more than 198MW of wind assets in operation. One of Shriram's investors Bessemer Venture Partners raised $1.6bn through its latest round of fund raising.
Tulsi Tanti, chairman of Suzlon Group, said, 'OGP is one of India's leading renewable independent power producers, and this order clearly underscores Suzlon's value proposition as an integrated solutions provider in what is a rapidly growing sector. We are very pleased to partner with OGP and look forward to delivering a complete project and services package that exceeds the expectations of this pioneering firm.'Suzlon announced in May that it had received orders for close to 4GW of technology in its latest financial year ending March 2011