Sanjiv Goenka-controlled CESC has roped in Chinese Shanghai Electric Power Generation Group to supply boilers, turbines and generators (BTGs) for its 600 mw Haldia thermal power project.The Chinese firm is upbeat about the Indian market and has decided to float a company. “We have applied to the government for an approval to set up a company in India,” Shanghai Electric’s vice-president Zhu Denian said. He said if the company was given the approval, it would have its office at Gurgaon. “We are looking for a partner to tie up with us in case of setting up a manufacturing facility,” he added.
Sanjiv Goenka, chairman of the R14,000-crore RP-Sanjiv Goenka Group, said, “Shanghai Electric would supply the BTG package at an estimated cost of R1,000 crore for the 2x300 mw Haldia coal-fired project, to come up at an estimated cost of R3,250 crore.”
Punj Lloyd would supply the balance of plant. The project which requires 450 acres for the first phase already has 420 acres in possession, all necessary clearances and long-term coal linkage from Mahanadi Coalfields.“The plant will be commissioned by middle of 2014 and we consider Wednesday as the zero date,” Goenka said.
Including Chinese firms in Indian power market will be a really good step keeping in mind the amount of investment required in the fast growing power sector. And politically speaking it will also strengthen the mutual relationships of the countries.
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