Suzlon Group wins two contracts totalling 40 MW with GDF Suez Futures Energies...

 

REpower Systems SE, a wholly owned subsidiary of the Suzlon Group the world's fifth-largest* manufacturer of wind turbines, has concluded with GDF-SUEZ Futures Energies two contracts, totalling 40 MW, for the supply of twenty wind turbines MM92 and MM82 types with a nominal output of 2.05 megawatts (MW) each.

 

REpower will provide with the full maintenance of these two wind farms for a minimum of five years.

In order to fulfill the particular requirements of the site, the Somme Soude windfarm, located in the northern-eastern region of Champagne-Ardenne, will be supplied with nine turbines of MM92 with 92 meters rotor diameter at different hub heights (80m and 100m) and one MM82 turbine with 82 meters rotor diameter. Project deliveries are planned for spring 2014, and commissioning for September, 2014.

Ten MM92 turbines with 100 meters hub height are intended for Hangest wind farm located in the Northern region Picardie. The delivery and the erection of the wind turbines are planned for summer 2014, and the commissioning for October, 2014.

Speaking on the Pierre Parvex, Director of the Renewable Energy Division - GDIF SUEZ Energie france said: "These contracts are the results of many fruitful exchanges between both our companies, and illustrate well the confident relationship built with REpower since 2005. The commissioning of the wind farms of Hangest sur Somme and Somme Soude is perfectly in line with our development strategy in wind energy. Today, GDF' SUEZ operates over 1,200 MW of wind energy, and is the first wind operator in France.

Added Olivier Perot, Managing Director '- REpower S.A.S.: "These two contracts with GDF SUEZ Futures Energies consolidate the partnership established between our respective companies, and we are glad GDF-SUEZ Futures Energies has confirming its confidence in REpower. With over 1,500 MW installed in France, we are proud to contribute to the development of French wind energy, particularly in Picardie and Champagne-Ardenne regions where REpower has a strong footprint."

Complete Press Release can be downloaded from here.

Source: BSE

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GDF Suez picks up 74% stake in Meenakshi Group’s 700 MW AP Thermal power plant...

 

The Meenakshi Group has sold its 74 per cent stake in a thermal power project in Andhra Pradesh to energy major GDF Suez of France.

Hyderabad-based Meenakshi Energy and Infrastructure Holdings Pvt Ltd (MEIHPL), which is part of the Meenakshi Group, will retain 26 per cent in the project. MEPL comprises 300 MW of operational capacity and 700 MW under construction at Krishnapatnam port in Nellore district of Andhra Pradesh.

The Meenakshi Group believes that the partnership with GDF SUEZ will be mutually beneficial. The size of GDF SUEZ’s global portfolio will allow MEPL to benefit from a broad multi-disciplinary expertise and to take leverage from GDF SUEZ’s strong global governance. It is expected to provide a stable and solid framework that creates consistency and builds trust for stakeholders.

KPMG India acted as exclusive financial advisors for Meenakshi Group on this transaction.

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