Suzlon Energy Limited (SEL), India's largest and one of the leading in the world in the wind turbine manufacturing space, has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh for development of wind power generation capacity in the state totalling to 3,000 megawatt (Mw) between 2012 and 2016, creating potential investments of up to Rs 18,000 crore.
Under the MoU, the Andhra Pradesh government will facilitate Suzlon in obtaining necessary permissions, registrations, approvals and clearances for the development of the wind farms. Suzlon, in turn, will play the role of a developer and facilitate the channelisation of investments into the state through its customers investing in wind energy.
"We are extremely pleased to sign this MoU with the Government of Andhra Pradesh. This not only reinforces Andhra Pradesh’s position as one of India’s emerging markets in wind energy, but also illustrates their commitment to power a low-carbon economy by embracing progressive policies to power rapidly growing economy of the state," Tulsi Tanti, chairman, Suzlon Group, said.
The MoU covers the development of new capacity in windfarms across the state, with development planned in the districts of Tallimadugula, Alankarayanipeta, Gandikota, Vajrakarur, Tirumalayapalli and other parts of the state.
