GE Invests in 126 Megawatts of Wind Farms in India

A unit of General Electric Co. (GE) has invested in three Indian wind farms comprising 126 megawatts of capacity under development by Atria Power Corp.

The first 25.6-megawatt project will be completed in Anantapur in Andhra Pradesh state in September, GE Energy Financial Services and Atria Power said in an e-mailed statement today. The companies didn’t disclose the terms of the deal.

The two others, which are 50 megawatts each and located in Betul in the central Madhya Pradesh state, will be ready by June next year, the companies said.

GE, which manufacturers turbines at a plant in Pune, will deliver 76 megawatts of machines to the farms. An undisclosed manufacturer will supply the remainder, according to the statement.

To contact the reporter on this story: Natalie Obiko Pearson in New Delhi at npearson7@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Ana Monteiro, Indranil Ghosh

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