Suzlon Plans 1500-MW of Wind in Gujarat
January 30, 2009
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Pune, India [RenewableEnergyWorld.com] Suzlon Gujarat Wind Park Ltd. (SGWPL), a wholly-owned subsidiary of Suzlon Energy Ltd., has signed a Memorandum of Understanding (MOU) with the state government of Gujarat, India to develop up to 1.5 gigawatts (GW) of new wind capacity in the state.
The MoU builds on the friendly investment climate for the wind sector created by the recent "Amendment of the Wind Policy 2007" announced by the Government of Gujara
Located in the Kutch-Saurashtra region of Gujarat, SGWPL will play the role of developer, facilitating permits, regulatory clearances, land, basic services and infrastructure.
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It is really a very very good news for not only Gujarat but for the rest of India,particularly coastal reasons.
The news does not give the investment and economics ,the pay back period etc. and above alll, how it is going to be financed.