Translate

Tuesday 3 May 2016

CLP likely to buy 100 MW solar power from Suzlon

CLP likely to buy 100 MW solar power from Suzlon
Suzlon, India’s second-largest wind turbine manufacturer, made its maiden entry into the solar space in January by winning rights for developing 210 MW of solar plants in Telangana.
CLP India is likely to foray into solar power generation with the purchase of 100 MW of solar power plants from Suzlon, reports a business daily. The deal will take some time to finalise, it adds.
Suzlon, India’s second-largest wind turbine manufacturer, made its maiden entry into the solar space in January by winning rights for developing 210 MW of solar plants in Telangana.
The 210 MW of projects consist of six different capacity projects to be located across Telangana. This includes one project of 100 MW, one of 50 MW and four of 15 MW each.
These projects are expected to be commissioned in FY17.
Hong Kong-headquartered CLP (formerly, China Light and Power) is among the larger foreign investors in the Indian power sector. 
CLP India operates a 1,320 MW coal-fired power plant at Jhajjar, Haryana, and a 655 MW gas-based plant in Gujarat. In addition, it owns over 1,000 MW of wind power projects across India.




Happy investing

No comments:

Post a Comment