Nov. 26 (Bloomberg) -- Greenko Group Plc, an Indian renewable-power developer backed by Singapore’s sovereign wealth fund, completed a 15-megawatt wind farm in Karnataka state.
The 13 million-pound ($21 million) project will sell its output directly to a technology park near Bangalore under a 10-year contract, the Hyderabad-based developer said today in a statement. It used 1.5-megawatt ReGen Powertech Pvt. turbines.
Greenko, now with a capacity of 426 megawatts, expects to reach 600 megawatts by mid-2014, according to the statement. The company, which received a 100 million-pound investment from the Government of Singapore Investment Corp. in March, plans to build 2,000 megawatts of hydropower and wind assets by 2018.
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