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TANTI Suzlon

TANTI Suzlon

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Published by Mark Fidelman
Wind energy green company
Wind energy green company

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Published by: Mark Fidelman on Jul 13, 2008
Copyright:Attribution Non-commercial

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11/26/2012

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TANTI & BAHRAIN ARCAPITA BANK’S JV FOR WIND ENERGY By: BHARAT RATNA
Tulsi R Tanti, CMD of Suzlon
Tanti Group of Companies and Arcapita Bank B.S.C.(BahrainBank), formed a joint venture to invest $2 billion in windenergy by 2012
This Joint Venture to buy Chinese wind energy farms specialistHoniton Energy Holdings for about $500 million
The JV is for to develop a 1,650 Mw portfolio of wind farms inChina through the acquisition of Honiton Energy Holdings Plc.
Tanti family has 26% stake while the Bahrain-based bank hasinvested for 74% stake.
 Tulsi Tanti’s Colossus Holdings has formed a joint venture with Bahrain-basedArcapita Bank to buy Chinese wind energy farms specialist Honiton EnergyHoldings for about $500 million.
Bahrain bank to spend $2 bn on wind farmsin Inner Mongolia.
 The Tanti family has 26% stake while the Bahrain-based bank has investedfor 74% stake in this joint venture. At present the Tanti family holds morethan 60% in Suzlon Energy. The joint venture partners have signed adefinitive purchase agreement to acquire Honiton.Suzlon Energy Ltd, through Suzlon Energy (Tianjin) Ltd, a wholly ownedsubsidiary of the company has already significant presence in China. Earlierin 2005-06, Suzlon had set up an integrated manufacturing facility in theeastern Chinese port city of Tianjin and invested about $60 million.

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Sandhya Sekar added this note
dear sir: what is use of press relise ,your pondicherry plant locked for last 3 month till now no information pass to employess ,All employes in bad conduction because without salary they are in problem but management staff and some employee getting salary,this not good,pls take immediate action.
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