Suzlon arm REpower wins 105mw order in Canada
Suzlon Energy's German subsidiary REpower Systems has concluded a contract with WPD Europe, an arm of WPD AG, for the delivery of 51 wind turbines.
December 17, 2012 / 15:21 IST
Moneycontrol Bureau
Suzlon Energy's German subsidiary REpower Systems has concluded a contract with WPD Europe, an arm of WPD AG, for the delivery of 51 wind turbines.As a part of the deal, a service and maintenance agreement for a total of 15 years for the new projects was also concluded, the wind turbine maker said on Monday."The REpower MM92 turbines, each with a rated power of 2.05mw, are intended for a total of six projects, Whittington, Springwood, White Pines, Napier, Sumac Ridge and Fairview, to be constructed and commissioned in 2014," Suzlon said.REpower will also set up a new rotor blade manufacturing facility at Southern Ontario in Canada, it added.The project management and set up of a rotor blade factory involves the creation of several hundred medium to long term jobs, said Helmut Herold, MD of REpower Systems Inc, an REpower subsidiary.Suzlon shares were up 1.6 percent at Rs 18.95 on NSE in morning trade.Also Read: What is the new urea investment policy about? Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
