January 12, 2009
Suzlon subsidiary to develop 1,500 MW wind projects in Gujarat
Pune: Suzlon Gujarat Wind Park Ltd. (SGWPL), wholly owned subsidiary of Suzlon
Energy Ltd., the worlds fifth leading and Indias largest wind turbine manufacturer*,
announced the signing of an Memorandum of Understanding (MoU) with the
Government of Gujarat for developing wind power projects of up to 1,500 MW in the
Kutch-Saurashtra region of Gujarat.
SGWPL will play the role of a developer and provide single-window solutions to
customers investing in the project, facilitating permits and regulatory clearances, land,
basic services and infrastructure etc For Suzlon it is part of normal operating working
capital and will not result in any incremental capital outlay.
The MoU builds on the friendly investment climate for the wind sector created by the
recent Amendment of the Wind Policy 2007 announced by the Government of
Gujarat. This development will create a good investment opportunity for customers
and also create a win-win proposition for the company, customers, government and
other stakeholders.
