EDF Energies, SITAC set up JV for wind power

EDF Energies Nouvelles (EN) has entered into a joint venture with SITAC Group founded by Malvinder Singh with plans to install 142 MW of wind power capacity by the end of this year.

The JV, SITAC Management & Development Pvt Ltd (SMDPL), is a 50-50 partnership between the SITAC Group and EDF EN, a joint press statement said.

A pact for partnership was exchanged by Singh and Jean-Bernard Levy (Chief Executive Officer and Chairman of EDF Group) in the presence of French president Francois Hollande and Prime MinisterModi at the recently concluded India-France Business Summit at Chandigarh.

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