Suzlon and Vedanta Group have entered into an agreement where Suzlon will set up, operate and maintain 150 MW of windfarms for Hindustan Zinc, a Vedanta Group company, for $191 million.
The projects will be set up in Karnataka, Rajasthan, Tamil Nadu and Maharashtra. The first phase of the project will see a capacity of 50 MW and will be completed by March 2011. The second and final phase of 100 MW will be progressively completed by September 2011.
Suzlon will be supplying a mix Of its S82–1.5 MW and S88–2.1 MW wind turbine models. The power generated will be purchased by the respective state’s distribution utilities at the prevailing feed-in tariff under a long term power purchase agreement.
In a press statement, Tulsi R Tanti, founder, Chairman and Managing Director, Suzlon Energy Limited, said, “The Vedanta Group is one of India’s leading industrial houses, and we are very pleased to be their partner of choice. This order underlines the acceptance of wind energy as a viable and profitable solution to meet the increasing appetite among large corporations for reducing their carbon footprint, and meeting energy needs in sustainable manner.”