POWER: Reliance Orders Equipment on GE $2.2b & China $8.3b

Image via Wikipedia

 

Reliance Power has placed an order of over US$2.2 billion for turbines, generators and other equipment with GE India for a 2,400-mw gas-based power plant.
It is the largest order for GE Energy in India. GE will also be providing maintenance services for the power project. All six gas turbines are scheduled to be commissioned before March 2012.

Shanghai Electric Group has won a US$8.29 billion deal to supply power equipment to Indian billionaire Anil Ambani's Reliance Group.
Shanghai Electric, the largest power producer in Shanghai, said in a statement late on Wednesday that it will sell 36 coal-fired thermal power generation units, spare parts and related services over a 10-year period.

Shanghai Electric and Reliance Infrastructure already have a close working relationship, with the Chinese firm having supplied equipment to other power projects.
The two also set up a $3 billion joint venture in 2008 to manufacture turbines and generators in India. India, the world's sixth-largest energy consumer, has set an ambitious target of lifting its generation capacity to 100,000 MW in 2012-17 and plans to spend $1 trillion on infrastructure during the period.