Karnataka: Industries Minister MB Patil signs up with Suzlon & Renaissance to get Rs 36,000 cr investment to Vijayapura district
Suzlon and Renaissance Solar and Electric Material Company, leading companies in the wind power and solar panel segment, respectively, have expressed interest to set up their units in Vijayapura district, the native of Industries & Infrastructure Minister MB Patil.
Suzlon has planned to invest Rs 30,000 crore while Renaissance Solar has proposed Rs. 6,000 crore, Patil told media after meeting the chief executives of the two companies.
Suzlon Group CEO JP Chalasani and Renaissance Solar CEO Milind Kulkarni participated in the separate meetings with the minister.
'Suzlon, known for manufacturing 160-meter high poles and 70-meter long wind fan blades, has planned its investment in phased manner. In the first phase, the company wants to set up a wind fan blades manufacturing unit and has asked for 100 acres of land. Once commissioned, this will become a huge investment in Vijayapura district," Patil, who is also the district in-charge minister, said.
According to the surveys, Vijayapura in Karnataka, Anantapura in Andhra Pradesh and Jaisalmer in Rajasthan have been identified as the most favourable sites for wind power generation in the country. Suzlon already has wind power plants of 2,000 MW and 3,000 MW capacity at Anantapur and Jaisalmer respectively. Now, the company intends to start a 5,000 MW unit at Vijayapura, Patil said.
Renaissance Solar, Patil said, was known for producing raw materials for the manufacture of solar panels. It would set up a modern unit in Vijayapura and has asked for 100 acres of land.
