SUZLON GETTING READY TO MOVE AFTER CONSOLIDATION

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SUZLON GETTING READY TO MOVE AFTER CONSOLIDATION

Today 05 July 2016 Suzlon Energy has formed a strong bullish bar reversal chart pattern today. A Strong Bullish Bar Reversal occurs when today\'s low is lower than its previous day low and the current price / today\'s close is higher than its previous day high.

 

 

Wind power capacity: India`s wind power capacity is set to grow 30 per cent or 4,300 MW in 2016-17, helped by capacity addition in Andhra Pradesh, Gujarat and Madhya Pradesh, among others, Suzlon Group Chairman Tulsi Tanti said. At present, the total wind power installed capacity in the country is around 27 GW, accounting for about 9 per cent of India`s total installed capacity. "India is a very promising and demanding market. It is set to grow by 30 per cent annually. In 2016-17, the country will add about 4,300 MW of wind power," Tanti told reporters here. Suzlon has its rotor blades manufacturing facility in Bhuj and maintains sites for some of its clients.

 

AP is moving faster than Rajasthan - Kudos to AP CM true to his image - action was going behind the scene.

This news will bring huge sense of security in investor`s mind as far as order book is concerned - 3 GW Wind and 1 GW SWHP.

Intently wait for Rajasthan govt to move on 1.5 GW SWHP MoU.

 

 

Energy, Infrastructure & Investment Department – MoU and Project Implementation Agreement (PIA) entered with M/s Suzlon Energy Ltd., and M/s Axis Energy Venture India (Pvt) Ltd., for setting up of 4000 MW renewable energy power projects and also establishing facilities for manufacturing blade, tower, nacelle/ generator in Ananthapuramu and Nellore districts – Constitution of a Co-ordination Committee for ensuing smooth and efficient execution of the projects - Orders- Issued.

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ENERGY, INFRASTRUCTURE & INVESTMENT (POWER.II.2) DEPARTMENT G.O.MS.No. 25 Dated: 02-07-2016
Read the following:-
1) MoU entered jointly by M/s Suzlon & M/s Axis Energy Ventures India Pvt., Ltd., with Govt., of A.P on December,2015.
2) PIA entered jointly by M/s Suzlon & M/s Axis Energy Ventures India Pvt., Ltd., with Govt., of A.P on 11th January, 2016.
3) M/s Axis Energy Ventures Private Limited, Letter.No.AEVIPL/157/2015-16, dt:17.05.2016.
4) From the Vice Chairman& Mag Director, New and Renewable Energy Development Corporation of Andhra Pradesh, Hyderabad, Letter. No.NREDCAP/WE/MoUGOVT/3732/2016, dated 06.06.2016.
-:0o0:-

O R D E R:-
In the references 1st and 2nd read above, an Memorandum of
Understanding (MoU) and Project Implementation Agreement (PIA) has been entered into with by M/s Suzlon Energy Limited and M/s Axis Energy Venture India (Private) Limited for development of 4000 MW renewable energy power projects (3000 MW - Wind & 1000 MW - WindSolar Hybrid Power Projects) and also establishing facilities for manufacturing blade, tower, nacelle/generator in Ananthapuramu and Nellore districts. Under the said MOU and PIA, the Government has agreed to extend necessary facilitation to the above firms, as per the provisions of Andhra Pradesh Solar Power Policy 2015, Andhra Pradesh Wind Power Policy 2015 and Andhra Pradesh Industrial Policy 2015-2020. As per clause No.6.3 of Project Implementation Agreement, the Government of Andhra Pradesh has to constitute and set up a Coordination Committee for ensuing smooth and efficient execution of these projects with the following officials.
1. Principal Secretary, Energy, I & I & CRDA
2. Principal Secretary to Chief Minister (Energy)
3. Secretary, Industries Department
4. Chairman & Mag Director, APTRANSCO
5. Vice Chairman & Mag Director,NREDCAP - convenor
6. Representatives of Suzlon & Axis
7. As and when required from any of other department of Government of Andhra Pradesh / District Administration.

In the reference 3rd read above, the firm has requested to take necessary action as mentioned above. The Vice Chairman & Mag Director, New and Renewable Energy Development Corporation of Andhra Pradesh, Hyderabad has also submitted proposals for constitution of co-ordination committee to facilitate in implementing the 4000MW renewable energy projects and manufacturing facilities, as represented by the firm.

Under the circumstances, Government after careful examination, hereby constitute a co-ordination committee with the officials mentioned at para (1) above. Government also directs the departments/offices mentioned in the address entries to facilitate in implementing the 4000MW renewable energy projects and manufacturing facilities by the above firms.

The Vice Chairman & Mag Director, New and Renewable Energy Development Corporation of Andhra Pradesh, Hyderabad shall take further necessary action accordingly.

(BY ORDER AND IN THE NAME OF GOVERNOR OF ANDHRA PRADESH)
AJAY JAIN, I.A.S
PRINCIPAL SECRETARY TO GOVENMENT
To
The Principal Secretary to Government, Energy, I&I & CRDA.
The Principal Secretary to Chief Minister (Energy).
The Secretary to Government, Industries & Commerce.
The Chairman & Mag Director, APTRANSCO
The Vice Chairman & Mag Director, NREDCAP.
M/s Suzlon Energy Limited, Hyderabad.
M/s Axis Energy Venture India (Private) Limited, Hyderabad.
The Principal Secretary to Government, Revenue (LR & Stamps & Regn.).
The Principal Secretary to Government, Revenue (Endowments)
The Principal Secretary to Government, Finance.
The Principal Secretary to Government, EFS&T.
The Secretary to Government, Law.
The Principal Secretary to Government, I& C (Mines & Geology).
The Principal Secretary to Government, Industries & Commerce.
The Principal Secretary to Government, Panchayath Raj.
The Principal Secretary to Government, Transport, Roads &Buildings.
The Secretary to Government, Water Resources (Major & Minor Irrigation)
The Vice Chairman & Mag Director, AP Industrial Infrastructure Corporation.
Copy to:-The Collector, Ananthapuramu District.
The Collector, PSR Nellore District.
The Chief Executive Officer, AP Solar Power Corporation.
The Chairman & Mag Director, APSPDCL., Tirupathi.
SF/SCs.