Suzlon Energy to set up 3000 MW Wind Energy Farms in AP, India
Suzlon Energy, one of the world’s leading wind turbine manufacturer and wind energy projects developer, said has informed the market that it plans to invest Rs 180 billion in the Indian state of Andhra Pradesh (AP) for development of wind capacity in the state totaling 3000 MW between 2012 and 2016.
Suzlon has entered into a Memorandum of Understanding (MoU) with the AP State Government. Under the MoU, the AP state government will help Suzlon to obtain necessary approvals and clearances for the development of the wind energy farms of 3000 MW capacity. In return, Suzlon will be the preferred wind energy developer and will channel wind energy investments into the AP state through its global customers base. The MoU covers the development of wind energy farms across the state. It should be noted that AP state has the largest coastline in India, and has high potential sites for wind energy that can use Suzlon’s new S9X range of wind turbines.
ONGC In Talks With ConocoPhillips For Oil & Gas Exploration
Business Line reported that Oil & Natural Gas Corporation Limited (ONGC) is in talks with ConocoPhillips to explore the possibilities of joining hands for the exploration of oil and gas in Indian deep sea and shale gas in North America. ONGC is planning to sign a memorandum of understanding (MoU) with ConocoPhillips for cooperation in exploration and development of shale gas and deep water opportunities. Full Article
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