PUNJ LLOYD BAGS RS 1KCR DEAL FOR POWER PLANT

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PUNE-BASED Punj Lloyd has just clinched a Rs 1,023-crore deal from the Goenkas of RPG to supply balance of plant (BoP) equipment for a 600 mw greenfield thermal venture being executed by Dhariwal Infrastructure—a CESC subsidiary—in Maharashtra.

   In electricity parlance, a BoP contract involves supply of all power plant equipment, excluding the boiler-turbine-generator package. Accordingly, Punj Lloyd will supply mission critical equipment like water-systems, the coal handling plant, cooling systems and the relevant civil packages for the 2x 300 mw thermal station.

   In a late evening notice to the Bombay Stock Exchange (BSE), CESC has informed: “Dhariwal Infrastructure, a CESC subsidiary, has issued a letter of intent (LoI) to Punj Lloyd Ltd for an EPC project for a value of Rs 1,023 crore in connection with the 2 x 300 mw Chandrapur power plant coming up in Maharashtra.”

   When contacted, a top CESC executive clarified that “Punj Lloyd had not been offered the EPC contract, but just the BoP portion, which would roughly be 50% of the final EPC contract value that is likely to exceed Rs 2000 crore”. Punj Lloyd officials could not be reached for comments.

   It is understood that CESC is close to awarding the boiler-turbine generator (BTG) contract to a possible Chinese power equipment vendor.

   So far as the BoP package goes, it is well known that CESCowned Dhariwal Infrastructure had invited bids from a host of power equipment suppliers. Punj Lloyd clinched the deal in the end based on its price quotation and track record. CESC officials refused to reveal the names of the companies that lost out in the race for the BoP contract.

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