Suzlon bags order for wind turbines from GAIL

New Delhi: Wind power company Suzlon Energy today said it has bagged an order from GAIL for supply of wind turbines to the state-run gas distribution major's upcoming project in Karnataka.

Suzlon received an order for supplying wind turbines with a combined generation capacity of 25.5 MW from GAIL India, the company said in a filing to the Bombay Stock Exchange.

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The order comprises 17 Suzlon wind turbines of 1.5-MW capacity each, to be commissioned in Karnataka in 2012, the company said, without divulging the value of the order.

The power generated from this project will be sold to a local power distribution company under a long-term power purchase agreement (PPA) at a fixed, preferential feed-in tariff, the company said in a statement issued here.

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GAIL is already sourcing equipment for two of its wind power projects in Gujarat from Suzlon Energy.

"We are delighted at the trust and faith GAIL has in Suzlon's technological and service delivery capabilities," Suzlon Group CMD Tulsi R Tanti said.

Shares of Suzlon Energy were trading 0.42 percent lower at Rs 35.45 apiece in afternoon trade on the Bombay Stock Exchange today.

Suzlon reports annual revenues of approximately $4 billion and has a presence across Asia, Australia, Europe, Africa and North and South America, with over 17,000 MW of wind energy capacity installed in 28 countries and operations across 32 countries.

PTI