Suzlon signs EoI to develop 2500 MW wind power capacity in Karnataka
07 Jun 2012
Suzlon Group, the world's fifth-largest wind turbine manufacturer, today signed an expression of interest (EoI) with the government of Karnataka to develop 2,500 mega Watt new wind power capacity in the state during the 12th Plan period, ie, 2012 to 2017.
The EoI covers development of new capacity in wind farms across the state, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Chikamangalore, Raichur, Mysore, Belgaum and Bagalkot.
The investment is worth Rs15,000 crore. Suzlon is already the market leader with over 770 MW of installed wind power capacity in the state.
The EoI was signed during the recent Global Investors Meet 2012 in Bangalore on 7th and 8th June 2012, the company said in a press release today.
Under the EoI, Karnataka government will obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the country. Suzlon, in turn, will play the role of a developer and facilitate the flow of investments into the state through its customers investing in wind energy.
Speaking on the occasion, Suzlon Group chairman Tulsi Tanti said: "We are extremely pleased to sign this EoI with the government of Karnataka. This not only reinforces Karnataka's position as one of India's leading markets in wind energy, but also illustrates their commitment towards creating a low-carbon economy in the state.''
