Senvion secures largest Indian 300 MW EPC project from Alfanar Company

DGAP-News: Senvion S.A. / Key word(s): Incoming Orders

04.05.2018 / 15:05
The issuer is solely responsible for the content of this announcement.


Senvion secures largest Indian 300 MW EPC project from Alfanar Company

Partnership for the Bhuj wind energy project which will power 290,000 Indian homes through clean energy

Hamburg / Mumbai / Riyadh: Senvion, a leading global manufacturer of wind turbines, has been awarded a 300 MW project by Alfanar - one of Middle East's leading clean energy companies, to deliver the Bhuj Wind Project (part of Round 3 bidding from Solar Energy Corporation of India Limited - a company of the Ministry of New and Renewable Energy, Government of India) in Gujarat, in a sign of growing emphasis on renewable energy in India.

The project scope will comprise supply and installation of 131 Senvion 2.3M120 turbines at 120m height and the full EPC scope including electrical and civil works. The project is slated to be commissioned within the next 18 months. The project scope also includes a 10-year comprehensive operations and maintenance (O&M) contract. When commissioned this project will generate enough clean power to supply the power needs of almost 290,000 Indian homes.

David Hardy, CSO of Senvion, said: "Alfanar and Senvion have a global strategic relationship to win together globally and success in India is a key demonstrator of the relationship. This win clearly demonstrates that Senvion has come of age in India for a long term play with the set-up of execution teams, production facilities, a operational service center and largest R&D center outside of its home base Germany. We expect a very busy time ahead in Indian market.'

Jamal M.Wadi, CEO of Alfanar Energy said: "As a key player in the power industry in the Middle East since 1976, our commitment to excellence has been instrumental in expanding alfanar's portfolio and our geographical expansion, particularly in developing clean energy. India continues to be a promising market, particularly in its recent shift to renewable energy development made possible by the vision and support of the Government of India. The 300MW winning of the Bhuj Wind Project brings our total global portfolio in Solar, Wind and Waste to Energy projects to 1.4GW. Considering the expertise of Senvion, we look forward for a timely completion of the project."

Wasim Mallouhi, General Manager, alfanar, added: "Efficiency and the sustainable performance of the turbines were our primary requirement from the EPC for this project. Further, with a strong strategic plan for India's booming renewable market, we had to ensure that the EPC for this project had to be in capable hands and we are glad that Senvion could meet with our stringent demands.

Amit Kansal, CEO and Managing Director of Senvion India, said: "It is a very satisfying win as Alfanar and Senvion tied-up together upfront to win this project in a competitive auction. The success of such project depends on pre-engineering and optimization which helps not only in winning but in executing later which was done to win this project. The two team are now working relentlessly to meet the commissioning timelines and to build a world class project. Senvion is proud of its contribution towards the vision of Indian government to achieve 175GW of installed renewable power in the country by 2022.'

About Alfanar:
Alfanar Company was established in 1976 in Riyadh, Saudi Arabia and is today one of Middle East' leading player in the Energy sector with a turnover of more than $2.5 billion Alfanar is one of the largest EPC contractor in Saudi Arabia in power generation, substations, overhead lines and engineering services. It owns the largest engineering firm, Dar Engineering which employs more than 1000 engineers. The other major subsidiaries of the group like Alfanar Testing & Commissioning and BENA hold the highest market share in the region. For India strategy, Alfanar will be participating in the upcoming central and state tenders to reinforce its presence in Indian Solar Market. Alfanar corporate website: www.alfanar.com

Alfanar Energy- Development:
Alfanar Energy is a 100% subsidiary of Alfanar Group. It has been one of the most active global developers in recent years in the field of renewable energy (PV, CSP, Wind technologies, Waste to Energy projects) and IWP (Independent Water Projects. Alfanar Energy, is solely focused on enriching the value chain of project development inclusive of development, financing, design, EPC, testing & commissioning and Operation & maintenance for Conventional/renewable/water projects globally.

About Senvion:
Senvion is a leading global manufacturer of onshore and offshore wind turbines. The company develops, produces and markets wind turbines for almost any location - with rated outputs of 2 MW to 6.33 MW and rotor diameters of 82 metres to 152 metres. Furthermore, the company offers its customers project specific solutions in the areas of turnkey, service and maintenance, transport and installation, as well as foundation planning and construction. The Senvion systems are mainly designed in the major TechCenters in Osterrönfeld and Bangalore and manufactured at its German and Portuguese plants in Bremerhaven, Vagos and Oliveira de Frades as well as in Żory-Warszowice, Poland and Baramati, India. With approximately 4,500 employees worldwide, the company makes use of the experience gained from the manufacture and installation of more than 7,500 wind turbines around the world. The company's operational subsidiary Senvion GmbH is based in Hamburg and represented by distribution partners, subsidiaries and participations in European markets such as France, Belgium, the Netherlands, the UK, Italy, Romania, Portugal, Sweden, and Poland as well as on a global level in the USA, China, Australia, Japan, India, Chile and Canada. Senvion S.A. is listed on the Prime Standard of the Frankfurt Stock Exchange.

 

Senvion Press contacts:
Immo von Fallois
phone: +49 40 5555 090 3770
mobile: +49 172 6298 408
email: immo.von.fallois@senvion.com
Holger Koschorz
Phone.: +49 40 5555 090 3219
Mobile: +49 173 275 4413
email: holger.koschorz@senvion.com
 

Senvion Investor Relations contact:
Dhaval Vakil
phone: +44 20 3859 3664
mobile: +44 7788 390 185
email: dhaval.vakil@senvion.com



04.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Senvion secures largest Indian 300 MW EPC project from Alfanar Company (PDF)