Gamesa expanding wind energy business to Myanmar
05 Jul 2012
Gamesa India, the Indian subsidiary of Spain's Gamesa Group, is expanding its wind turbine business to Myanmar as the once closed economy opens up for foreign investment.
Chennai-based Gamesha India is also looking to set up operations in Maldives as well. According to Gamesha, both Myanmar and Maldives offer big scope for wind power generation.
With high wind speeds, Myanmar could be a major wind power market, reports quoting Ramesh Kymal, chairman and managing director of Gamesa India and chairman of Renewable Energy Council of CII, said.
He was speaking on the sidelines of a conference on renewable energy, `Green Power 2012'.
While Gamesha's Myanmar plans are exploratory, the company is looking at projects having scope of 100-150 MW in Maldives.
Gamesa has an installed capacity of 800 MW of wind power in India and has an order book of 900 MW, of which 700 MW of projects are in coastal states such as Tamil Nadu, Karnataka, Maharashtra and Gujarat, and the remaining in Rajasthan.
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