Suzlon signs MoU in Punjab for Rs 500 cr wind power projects
Suzlon Gujarat Wind Park Ltd has signed an MoU with state-owned Punjab Energy Development Agency to set up 100 MW wind energy projects in Punjab.
By PTI |
CHANDIGARH: Suzlon Gujarat Wind Park Ltd has signed an MoU with state-owned Punjab Energy Development Agency (PEDA) to set up 100 MW wind energy projects in Punjab, involving an outlay of Rs 500 crore.
"The wind power projects of 50 MW each will be set up at Hoshiarpur and Muktsar districts in the state over an area of 250 acre," Suzlon Gujarat Wind Park Director Atul Shah told reporters today after signing the agreement.
The company, a wholly-owned subsidiary of wind turbine maker Suzlon, is presently conducting a wind resource assessment study in these areas for the projects and hopes to complete it in the next nine months, he said.
Shah said the company is looking to raise funds from global as well as domestic investors to finance the projects.
Meanwhile, Punjab Science, Technology and Environment Minister Bikram Singh Majithia said the state government has been focusing on tapping renewable energy resources.
"We are looking to generate 1,500 MW of power from renewable resources over the next five years," he said.
PEDA had earlier signed an MoU with Germany-based company Enecron for wind resource assessment and development of wind power projects in the state.
"The wind power projects of 50 MW each will be set up at Hoshiarpur and Muktsar districts in the state over an area of 250 acre," Suzlon Gujarat Wind Park Director Atul Shah told reporters today after signing the agreement.
The company, a wholly-owned subsidiary of wind turbine maker Suzlon, is presently conducting a wind resource assessment study in these areas for the projects and hopes to complete it in the next nine months, he said.
Shah said the company is looking to raise funds from global as well as domestic investors to finance the projects.
Meanwhile, Punjab Science, Technology and Environment Minister Bikram Singh Majithia said the state government has been focusing on tapping renewable energy resources.
"We are looking to generate 1,500 MW of power from renewable resources over the next five years," he said.
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PEDA had earlier signed an MoU with Germany-based company Enecron for wind resource assessment and development of wind power projects in the state.
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