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Suzlon Energy bags 23 MW order from GAIL (India)

21 Nov 2011 Evaluate

Suzlon Energy, the world's fifth largest wind turbine supplier, has bagged a 23 MW order, its fourth consecutive order from GAIL (India). The order comprises 11 units of Suzlon’s S88 - 2.1 MW wind turbines, to be commissioned in states of Tamil Nadu and Karnataka by the end of the financial year 2011-12.

This is GAIL's fourth order placed with Suzlon, with first two projects located in Gujarat. The first 4.5 MW project, comprising Suzlon’s S-82 1.5 MW wind turbines, was commissioned in March 2010, and the second 14.7 MW project is currently under execution. A part of these projects is meant to fulfill GAIL's captive power requirements, with the remainder for power sales to the respective local power distribution utilities. The sale of the power generated to the local power distribution utilities will be under the long-term power purchase agreement (PPA) at the fixed preferential feed-in tariff.

Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

53.27 0.18 (0.34%)
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