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Suzlon inks MOU with AP govt to develop 3,000mw wind energy
Suzlon Energy has signed a memorandum of understanding [MOU] with Andhra Pradesh government to develop wind energy capacity in the state totaling 3,000 mega watt between 2012-2016.
Suzlon Energy has signed a memorandum of understanding [MOU] with Andhra Pradesh government to develop wind energy capacity in the state totaling 3,000 mega watt between 2012-2016.
The development will create potential investments of up to Rs 18,000 crore, it said on Monday.
"Under the MOU, Andhra Pradesh government will facilitate Suzlon in obtaining necessary permissions, registrations, approvals and clearances for the development of wind farms. Suzlon, in turn, will play the role of a developer and facilitate the channelization of investments into the state through its customers investing in wind energy," the Pune-based company said.
The MOU covers development of new capacity in wind farms across the state, with development planned in over 5 districts, it said.
Suzlon shares were up about 1% at Rs 22.65 on NSE in morning trade.
