Wind farm developer Gamesa Wind Turbines has inked a 90 MW Wind Power Project Order with Hero Future Energies (HFE), the new venture of the Hero Group. The company caters to providing renewable power.
As per the new deal, Gamesa will supply 25 units of G97-2.0 MW turbines at Kavital site, in the southern Indian state of Karnataka and 20 units of G97-2.0 MW turbines at Gunga site, Rajasthan in North India.
The commissioning is scheduled for completion by March 2015. Gamesa would be responsible for the complete scope of site development, supply, and commissioning of the turbines. The agreement also includes a 10-year comprehensive Operations & Maintenance contract.
Ramesh Kymal, Chairman and Managing Director, Gamesa India, said, “The strategic decision from Hero Future Energies, to have wind energy as the one of the main business verticals along with solar energy, proves the importance of wind energy in satisfying the energy needs of our country and calls for an appreciation”.
He added that the “project will stand as a significant collaboration in Gamesa’s growth trajectory, and we are confident to deliver the maximum return on investment for the group through our cutting edge technologies”.
According to Rahul Munjal, Managing Director of Hero Future Energies “We are expecting our partnership with Gamesa to go a long way in achieveing our ambitious plans to add one gigawatt of renewable energy projects by 2017. We expect that they will live upto to the Hero Group’s ‘Customer First’ strategy. Global experience and superior quality products of Gamesa should add significantly higher value to our asset base.”
Sunil Jain, Chief Executive Officer & Executive Director, Hero Future Energies, added that Gamesa has established itself as a credible player in Indian wind market over a period of last 4-5 years. “We have signed with Gamesa in line with our philosophy to use new technologies in our projects. We are confident that Gamesa will deliver quality projects on time,” he said.
Wind is expected to be one of the important business verticals for HFE. Further, given the maturity of the sector in India and improved technology ensuring faster grid parity, wind energy would be a significant contributor in HFE’s renewable energy assets portfolio.
HFE intends to adopt multipronged strategy to add capacities in wind, wherein initial capacity would come from turnkey EPC) route provided by leading Original Equipment Manufacturers (OEMs) in the sector. However, HFE will parallely work towards developing Greenfield project sites.
Here, HFE will solely undertake various project development activities. These activities will help HFE optimize sites by using the best suited turbines for each of them.
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