R-ADAG to invest Rs 900cr in wind energy project

Reliance Wind Energy (RWE), a subsidiary of Reliance Energy, today said it has signed an agreement with Suzlon Energy for setting up a 150 MW wind power project in which the Anil Dhirubhai Ambani group firm would invest Rs 900 crore.

The wind farm would be set up by Suzlon Energy in Sangli, Maharashtra, and the project is expected to be rolled out by March 2008.

The project will be completed in two phases and would generate 380 million units per annum after completion, and the power would be purchased by Reliance Energy for its Mumbai distribution business.

REW is planning to set up 500 MW wind power projects in various states over the next 2-3 years, and the 150 MW project will make Reliance ADA Group one of the biggest wind energy generators in the country.