Suzlon signs MoU with Punjab for wind power projects
It is reported that Suzlon Gujarat Wind Park Limited has signed a MoU with Punjab Energy Development Agency to set up 100 MW wind energy projects in Punjab with an investment of INR 500 crore.
Mr Atul Shah director of Suzlon Gujarat Wind Park said that "The wind power projects of 50 MW each will be set up at Hoshiarpur and Muktsar districts in Punjab over an area of 250 acre. It is looking to raise funds from global as well as domestic investors to finance the projects.
He added that it is presently conducting a wind resource assessment study in these areas for the projects and hopes to complete it in the next 9 months.
Meanwhile, Mr Bikram Singh Majithia science, technology & environment minister of Punjab said that the state government has been focusing on tapping renewable energy resources. He added that "We are looking to generate 1,500 MW of power from renewable resources over the next 5 years.
PEDA had earlier signed a MoU with Germany based company Enecron for wind resource assessment and development of wind power projects in the state.
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