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Gamesa India to expand wind energy markets

  |   July 6, 2012 at 11:55 AM
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CHENNAI, India, July 6 (UPI) -- Gamesa India intends to expand its wind energy business internationally to the Maldives and Myanmar.

Gamesa India is the Chennai-based subsidiary of Spain's Gamesa Group, which is wholly locally owned.

Gamesa India Chairman and Managing Director Ramesh Kymal told journalists the company's Maldives projects are interested in power generation facilities of 100-150 megawatts, while Gamesa India is currently in exploratory discussions at the moment in Myanmar.

Myanmar earlier this year transitioned from a military government to civilian leadership, opening up a number of opportunities for foreign investment, the Hindu newspaper reported Thursday.

Myanmar, with its high wind speeds, is seen by Gamesa India and other energy companies as a potentially lucrative major wind power market with the potential for major growth.

Kymal said Gamesa India already has an installed 800 megawatt wind power capacity in India, and the company also developed three cutting-edge equipment designs for low to medium wind speeds for niche markets.

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