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M. Ramesh

Chennai, Nov. 29

Shriram EPC Ltd has signed a memorandum of understanding with North West Electric Power Design Institute of China to form a consortium to undertake ‘engineering, procurement and construction' (EPC) contracts for thermal power projects in India.

Shriram EPC said that the company would be the lead partner in the consortium. The MoU is valid for five years.

North West Electric specialises in design, consultation and EPC projects in the power sector. Sources said that it is a leading company in China in execution of 1,000-MW ultra supercritical power projects, air-cooled condenser units and high voltage DC and AC power transmission engineering design.

The company has been involved in a large number of coal based power plants domestically and overseas ranging from 25 MW to 1,000 MW.

Its project experience includes a 2x1000 MW unit for Anhui Tongling Power Plant, a 3x300 MW unit for Lanzhou Aluminum Captive Power Plant, a 2x300 MW unit for Guangdong Province Pingshi Power Plant and a 2x300 MW unit Henan Province Yanshi Power Plant.

The significance of the MoU to Shriram EPC will be that it would now be able to bid for power projects that were previously out of its reach.

Shriram EPC is involved with the power sector in multiple ways. Its subsidiary, Orient Green Power Ltd, is into renewable energy and has a portfolio of about 124 MW and is putting up another 220 MW of capacity.

Through a joint venture with Leitwind of Italy, Shriram EPC is into the manufacture of wind turbines generators and blades. Through another joint venture with Hamon, the company is into cooling towers.

More Stories on : Alliances & Joint Ventures | Power | Electrical Goods | Real Estate & Construction

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