Morgan Stanley group-promoted Surajbari Windfarm to invest $194 mn in MP.

Surajbari Windfarm Development Pvt Ltd. (SWDPL) plans to invest around $194million to set up wind farms in Madhya Pradesh. The proposed investment will be backed by International Finance Corporation, which will extend loans and may also offer syndication services. SWDPL is a wholly-owned subsidiary of Continuum Wind Energy Pte Ltd. (CWEPL), promoted by Morgan Stanley Infrastructure Partners and Continuum Energy Pte Ltd.

According to the project document, the company plans to set up two wind farms with a combined capacity of 170 MW in Madhya Pradesh, through its twowholly owned subsidiaries, DJ Energy Private Limited (DJEPL) and Uttar Urja Projects Private Limited (UUPPL).

This will be a greenfield project and located around the villages of Mamathekheda and Pingrala of district Ratlam and Mandsaur in Madhya Pradesh. The off taker for the project will be Madhya Pradesh (MP) Power Management Company Limited, a state-owned utility.

BS