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Surajbari to set up wind farms in Madhya Pradesh

Wednesday, 19 Mar 2014

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Surajbari Windfarm Development is planning to set up two new wind farms in Madhya Pradesh, for which the company has earmarked an investment of $194 million (approx Rs 1,185.14 crore).

The proposed investment will be backed by a loan from International Finance Corporation (IFC), and also by a possible syndication. Surajbari Windfarm is a wholly-owned subsidiary of Continuum Wind Energy (CWEPL), which is promoted by Morgan Stanley Infrastructure Partners and Continuum Energy.

The proposed two wind farms will have a combined capacity of 170 MW and will be developed through its two wholly-owned subsidiaries -- DJ Energy (DJEPL) and Uttar Urja Projects.

The projects will be located near the villages of Mamathekheda and Pingrala of Ratlam district and Mandsaur in Malwa district. The off-taker for the project will be Madhya Pradesh Power Management Company.