Suzlon Energy bags order to set up wind farm in S Africa

Suzlon Energy today said it has received an order for supplying turbines to set up a wind farm in South Africa.

"Suzlon Group would commence construction of the Cookhouse Wind Energy Facility located in the Eastern Cape Province of South Africa. It will supply 66 turbines of 2.1 MW each to the project," the company said in a statement.

Financial Closure for the project was achieved in late December 2012 with construction commencing in January 2013. Debt Finance will be provided by a consortium of lenders including The Standard Bank of South Africa, Nedbank and Futuregrowth Asset Management Proprietary.

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The equity will be provided by financial institutions including AFPOC Ltd, African Infrastructure Investment Fund 2 Partnership, African Infrastructure Investment Fund 2 (Mauritius) etc.

The Cookhouse Wind Farm Community Trust holds 25 per cent equity in the project.

"This project will not only deliver clean energy but also create many decent and sustainable jobs," Tulsi Tanti, Founder, Chairman, Suzlon Group, said.

Shares of the company were trading at Rs 25 apiece in late afternoon, up 2.04 per cent from its previous close.