Suzlon would invest about Rs15,000 crore to develop 2500MW wind power in Karnataka over next five years
Bangalore: Wind turbine manufacturer Suzlon Group has signed an expression of interest (EoI) with the government of Karnataka to develop 2,500 megawatt (MW) of new wind power capacity in the state between 2012 and 2017, reports PTI.
Suzlon Group Chairman Tulsi Tanti said: "This not only reinforces Karnataka's position as one of India's leading markets in wind energy, but also illustrates their commitment towards creating a low-carbon economy in the state".
The EoI covers the development of new capacity in wind farms across the state, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Raichur, Chikmagalur, Mysore, Belgaum and Bagalkot. The investment is worth Rs15,000 crore, according to a company statement.
Under the EoI signed during GIM 2012, the Karnataka government would obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the state.
Suzlon, in turn, would play the role of a developer and facilitate the flow of investments into the state through its customers investing in wind energy. Karnataka has large untapped wind energy potential, with estimates ranging around 13,000 MW according to Centre for Wind Energy Technology (CWET).
The six million tonne per annum capacity steel plant would come up at Haveri district in Karnataka
Bangalore: Tata Steel has announced plans to set up a Rs30,000 crore steel plant in Karnataka as the government-sponsored Global Investors' Meet (GIM) 2012 commenced.
The six million tonne per annum capacity plant would come up in Haveri district, Tata Steel Vice-Chairman B Muthuraman said at the inaugural GIM function.
Aditya Birla Group CMD Kumar Mangalam Birla said the group proposed to invest Rs7,000 crore in the state. This includes setting up a four million tonne per annum capacity cement plant at a cost of Rs2,750 crore.
Before the event, state government officials said that Karnataka aims to sign MoUs envisaging an investment of Rs6 lakh crore during GIM 2012 being held to showcase the state's investment potential.
At the inauguration, Chief Minister DV Sadananda Gowda said during the GIM 2010 the state signed 389 MoUs with (envisaged) investments amounting to Rs3.92 lakh crore. Of this amount, more than 72% of the projects are in various stages of implementation, he added.