New Delhi: Wind turbine maker Suzlon Energy has been given a go-ahead by the power generation firm CLP India to start manufacturing equipment for the latter's project in Rajasthan.
"Suzlon today announced that it has received the Notice to Proceed (NTP) from CLP India for a 100.8 MW wind power project," the company said in a statement.
The notice to proceed was given to Suzlon after CLP India received the approval from the Rajasthan government to commence work on the project.
The project, located at Tejuva in Rajasthan, will comprise 48 units of Suzlon's 2.1 MW wind turbines, the statement said.
According to sources, the total value of the order is around Rs 750 crore and the equipment will be delivered to CLP India in the next 9-12 months.
"Upon completion, this project will boost CLP India's wind power portfolio to close to 1,000 MW," the statement added.
"With large reserves of untapped (wind energy) potential that spells out a great opportunity for this sector to grow exponentially. It has been a key area of thrust for us over the past 4-5 years and we are committed to growing it over the next few years as well," Rajiv Mishra, Managing Director, CLP India, said.
"This contract is another milestone for our business in India. Through our comprehensive capabilities across wind energy value chain and end-to-end solutions, we will assist CLP India in further expanding their wind energy footprint in India," Tulsi Tanti, Chairman, Suzlon Group, said.
Shares of the company were trading at Rs 27.70, down 1.95 percent on the BSE.
First Published: Thursday, June 19, 2014, 13:21