July 15, 2011
Suzlon receives 100 MW order from Orient Green Power Company Limited
Order valued at Rs. 650 Cr
Order for 48 units of Suzlons new S95 2.1 MW turbine;
projects to be commissioned progressively by June 2012
Underscores growth momentum in Indian wind IPP sector
Pune: Suzlon Energy Limited, the worlds fifth largest* wind turbine manufacturer,
announced today a new order from Chennai-based Orient Green Power Company
Limited (OGPL), for over 100 megawatts (MW) of wind power projects. The order,
valued at Rs. 650 Cr, comprises 48 units of Suzlons S95 wind turbines, part of
Suzlons newly introduced S9X suite.
These projects are scheduled to be commissioned progressively by June 2012; with
50.4 MW of capacity coming online in Gujarat by May 2012, and the remaining 50.4
MW in Karnataka by June 2012.
Speaking about the order, Mr. P. Krishnakumar, Managing Director, Orient
Green Power Company, said, It is our goal to be Indias 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.
Mr. Tulsi R. Tanti, founder, Chairman and Managing Director Suzlon Group,
said: OGPL is one of Indias leading renewable Independent Power Producers (IPPs),
and this order clearly underscores Suzlons value proposition as an integrated
solutions provider in what is a rapidly growing sector. We are very pleased to partner
with OGPL and look forward to delivering a complete project and services package
that exceeds the expectations of this pioneering firm.
Orient Green Power Company Limited, part of the Shriram EPC Group, is Indias
largest diversified, independent renewable energy company, with a primary focus on
wind energy and over 198 MW of wind assets already operational. Listed on the
Indian stock exchanges, OGPL is focused on creating a sustainable portfolio of
renewable energy assets comprising of primarily wind, biomass and hydro-power.
Indias wind power sector has registered rapid growth with strong interest from
Indian and global IPPs and financial investors. India ranked the third largest market
in the past fiscal with over 2,000 MW of new capacity additions, translating to an
investment mobilization of over US$ 2.4 billion. Suzlon has been the market leader
in India for past consecutive 13 years, and has recently signed some of the largest
IPP contracts in sector with other leading IPPs, like Caparo Energy and the Techno
Electric Group.
