Anil Ambani Group Places Wind Power Order With Suzlon

Anil Ambani Group Places Wind Power Order With Suzlon
Comment E-mail Print Share
First Published: Tue, Mar 06 2007. 02 46 PM IST
Updated: Tue, Mar 06 2007. 02 46 PM IST
Bloomberg
MUMBAI: Billionaire Anil Dhirubhai Ambani’s Reliance Wind Energy placed an order valued at Rs9 billion with Suzlon Energy Ltd, India’s biggest builder of wind turbines.
The Anil Dhirubhai Ambani Group plans to set up a 150-megawatt wind farm with Ahmedabad-based Suzlon Energy, Reliance Wind Energy said. The project in Sangli in the western Indian state of Maharashtra will start producing power in March 2008, the statement said.
“The project will be developed by Suzlon and its group companies for the Anil Dhirubhai Ambani group,” said Vivek Kher, Suzlon spokesman.
Demand for wind energy is expanding in India, Asia’s fourth-largest economy, as energy suppliers struggle to keep pace with economic growth. The government is trying to reduce carbon dioxide emissions and dependence on coal and crude oil to meet energy needs, at a time when chronic power shortages erode a 10th of the Indian economy, according to the Finance Ministry.
“The project will contribute towards fulfilling the obligations of our distribution business to procure renewable energy as prescribed by the local electricity regulator,” Anil Ambani Group spokesman Venkatesh Somayaji said in a telephonic interview from Mumbai.
Reliance Wind Energy plans to set up 500 megawatts of wind power in various states in the next three years, reports said.
Comment E-mail Print Share
First Published: Tue, Mar 06 2007. 02 46 PM IST
More Topics: Corporate News | Sector Spotlight |