Suzlon plans to triple wind capacity, invest $ 1.4 b
Singapore: Suzlon Energy, the world's fourth-largest wind turbine maker, plans to invest about $1.4 billion to almost triple its production capacity by 2009, allowing it to expand at twice the pace of the rapidly growing industry. The expansion would raise Suzlon's turbine production capacity in India to 5,700 mw by March 2009 from 2,700 mw now, the firm's chairman Tulsi Tanti said in an interview on Wednesday. By the end of this year its recently acquired subsidiary, Germany's REpower Systems, would have increased its capacity to 1,200 mw from an existing 700 mw, he added. "The total investment in this three-year plan is about $1.4 billion and most of this investment would be financed by debt," Tanti said in Singapore, where he attended the Forbes CEO Conference.
Source: Economics Times
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