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Home News Power Sector News R-Power places Rs. 3400 crore order with GE

R-Power places Rs. 3400 crore order with GE

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ObamaReliance Power, which has placed a Rs.3400 crore order with General Electric, expects its association with American firms will generate manufacturing exports worth over $2 billion from the United States into India, the company's chairman Anil Ambani said at a function during the visit of US President Barack Obama. Reliance's order for equipment from GE will help it build its Rs 10,000 crore power project in Andhra Pradesh. The contract entails supply of six gas turbines, three steam turbines, training and long-term services for the project.

In addition to supplying equipment, GE also has signed a 15-year Contractual Service Agreement for the Samalkot project, Reliance Power said in a statement.

Reliance Power's 2,400 megawatts (mw) gas-based power project at Samalkot in Andhra Pradesh is expected to be commissioned by 2012. "Reliance Power's partnership with GE and other US companies to result in over $2 billion of manufacturing exports from US to India over next 24 months," the statement quoted Mr Ambani as saying.

Reliance Power plans to scale up its capacity to 25,000 mw by 2015. Currenlty, the company has an operational capacity of 600 mw at its 1,200 mw Rosa Power Project in Uttar Pradesh and has also acquired operational capacity totalling 433 mw from group company Reliance Infrastructure .

"The `10,000 crore ($2.5 billion) Samalkot Project will represent the largest gas turbine combined cycle power project in India's history and will help India meet its continuing demand for reliable electricity to support its rapidly growing economy," Reliance Power said.

Source- Economic Times

 

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