INDIA BUSINESS WORLD - OCTOBER 21st - NOVEMBER 15th
- 2007
JSW ENERGY TIES UP WITH CHINESE COS
JSW Energy, a Sajjan Jindal group company, has tied up with Chinese electrical equipment makers Shanghai Electric and Dongfang Electric Corporation for importing equipment for JSW's upcoming power projects. The company has allocated Rs 3,500 crore for sourcing the equipment for the 4,000 mw power projects. "The construction for the three projects has begun and the shipment of equipment will start in a couple of months," said JSW Energy vice chairman NK Jain.
The company is investing Rs 11,000 crore for setting up the three projects, which include a 600 mw coal-fired project at Vijaynagar in Andhra Pradesh, a 1,200 mw coal-fired project at Ratnagiri in Maharashtra and a lignitebased 1,000 mw project at Barmer in Rajasthan.
Chinese major Dongfang already has a JV with Tata Power for setting up ultra mega power project (UMPP) in Mundra. For forthcoming UMPP bids also, Dongfang is expected to participate with the Tatas, while Shanghai Electric is supplying equipment for the engineering, procurement and construction projects of Reliance Energy. Equipment such as boilers and turbines account for 35% of the total project cost, say industry analysts.
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