Suzlon Group, one of the leading wind turbine manufacturers and Mytrah Energy, a leading Independent Power Producer (IPP) today announced that Suzlon will supply 98MW project to Mytrah at Nazeerabad in Ranga Reddy district of Telangana state. It is scheduled for commissioning in 2016. Suzlon's role in the project involves installing and commissioning 47 WTGs of its revolutionary S97 120m Hybrid Tower WTGs with rated capacity of 2.1MW each. The order is part of the Business Partnership Agreement (BPA) signed with Mytrah in May 2010 to purchase 1 GW of turbines from Suzlon Group.
The project is the third repeat order awarded by Mytrah to Suzlon Energy. Suzlon has already commissioned 310MW wind energy project for Mytrah so far and 205 MW is under execution in Rajasthan, Maharashtra and Andhra Pradesh.
Speaking on the occasion, Ravi Kailas, Chairman & CEO, Mytrah Energy said, "We are focused in our resolve to harness renewable energy to achieve a clean green world and Suzlon shares our vision. Suzlon’s technological edge and execution capabilities are un-paralleled and hence they have been our partner of choice for over five years. This project is one of 300MW that we are currently constructing and will take our capacity past 840 MW in 2016."
Tulsi Tanti, Chairman, Suzlon Group said, "Suzlon is pleased to once again partner with Mytrah and provide customer centric wind energy solutions. We are together committed to provide affordable and sustainable energy for all and aim to play a pivotal role in India’s energy security. The new order underscores our customer’s immense faith in our product and service reliability. Indian renewable sector is witnessing the positive winds of change and Suzlon will continue to be the catalyst of wind energy in India. Suzlon Group is extremely well positioned to drive growth in this sector and we will continue to focus our R&D efforts to bring down the cost of energy. Our robust order book, positive business outlook and conducive policy framework in India gives us immense confidence to deliver on our goals."
Shares of the company gained Rs 0.6, or 2.35%, to settle at Rs 26.15. The total volume of shares traded was 12,658,368 at the BSE (Monday).