Suzlon looks to buy all of REpower
"We are working toward it," Robin Banerjee said at the Reuters India Investment Summit in Mumbai, adding that Suzlon had no plans to sell a stake in REpower.
Media had earlier said that Suzlon might sell up to 25 percent in REpower for $500 million.
Suzlon Energy, which holds 91 percent of REpower, is the world's third-largest wind turbine maker behind Denmark's Vestas and Spain's Gamesa.
Banerjee said Suzlon would like to grow its revenue from China by 40 to 50 percent, driven by strong demand for renewable energy.
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Last week the EUB began deliberations over whether to allow NB Power to purchase and install 360,000 new generation smart meters for its residential and commercial customers as part of a $92 million upgrade of its distribution system.
If approved, that will spell the end to about 98,000 aging…
