The Indian subsidiary of Spanish wind turbine major Gamesa will set up a wind farm for hydro power company Satluj Jal Vidyut Nigam Limited (SJVN) at Ahmednagar in Maharashtra and maintain it for 10 years, the company said here Monday.
Gamesa Wind Turbines in a statement said it has signed an engineering, procurement and construction (EPC) contract to build 47.60 MW wind farm with SJVN.
"Gamesa-SJVN new contract comes at a time when several states in India are reeling under acute power shortage and it shows how wind energy could play a pivotal role in being an ideal alternative source of energy," said Ramesh Kymal, chairman and managing director.
"The order value for supply of 56 units of Gamesa G58-850 KW turbines is around Rs.300 crore," a company official told IANS, preferring anonymity.
He said the company is yet to work out the revenue potential over the 10 year operation and maintenance period.
"The wind farm will be ready by next March. Between Dec 2012 and June 2013, the company will be executing 315 MW of wind mill projects," he added.
SJVN operates the 1,500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh and is constructing 412 MW project there. The company has around 3,304 MW of projects under development.