Online edition of India's National Newspaper
Friday, Jun 03, 2005

About Us
Contact Us
Business
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment |

Business Printer Friendly Page   Send this Article to a Friend

Suzlon sets sights on U.S., Chinese markets

Corporate Reporter

CHENNAI: Suzlon Energy, fully integrated wind power company based in Pune, has plans to focus on the international markets. Addressing presspersons here on Thursday, Tulsi R. Tanti, Chairman and Managing Director, said the company would target the U.S., Chinese and Australian markets. These countries had big potential and huge wind power projects were undertaken in the U.S.

Suzlon, for its part, had already implemented a wind farm in Minnesota, U.S. The company had established its headquarters in Beijing for its Chinese operations.

In the Asian markets, India and China would be the growth engines for the company. According to Mr. Tanti, there is a gradual shift towards hydro and renewable energy in India. Last year, out of the incremental capacity of 5,000 MW in all power projects, renewable energy accounted for 1,100 MW. The fastest growth happened in January-December with the creation of additional capacity of 875 MW, placing India in the fifth position worldwide. The country had potential land sites for generating 45,000 MW wind power and cumulative installations so far was only 3,000 MW. Tamil Nadu accounted for a significant share of this capacity.

The company has presence across eight states with manufacturing facilities in Daman and Pondicherry with an installed capacity of over 1,000 MW. It would go in for strategic acquisition of `windy' sites and establish wind parks, Mr. Tanti said.

The company has tie-ups with Elin of Austria for setting up a generator unit and with Winergy of Germany for establishing a gearbox unit. It would look for strategic acquisition of `windy' sites and establish wind parks, Mr. Tanti added.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu