Mumbai , India (PressExposure) March 17, 2011 -- Reliance Infrastructure Limited (RInfra) announced securing EPC contract of 2400 MW Gas based Combined Cycle Power Project (CCPP) at Samalkot.
This project is strategically located in gas rich belt at Samalkot, East Godavari District in Andhra Pradesh and is the largest gas based power plant to be set up in the country.
Samalkot CCPP EPC contract is the third significant power project bagged by RInfra EPC from Reliance Power. The other EPC contracts were for the Sasan UMPP in Madhya Pradesh and Butibouri in Maharashtra.
The contact value for the project is Rs 7,200 crore and shall execute the contract on lumpsum, turnkey EPC Contract basis. Samalkot CCPP will deploy efficient, green and robust technology and the project would commence power generation by end of 2011. Gas and Steam Turbine orders have already been placed with General Electric, USA. Other major contracts have been awarded to reputed domestic and international companies.
On the occasion, Mr Lalit Jalan, CEO and Wholetime Director of Reliance Infrastructure said "RInfra's EPC arm, with an order book of Rs 30,700 crore, is among the top players in EPC space. Currently, more than 25,000 workers are working at various power project sites. Our comprehension of critical technology, expertise in engineering and time bound execution makes us the preferred partner in the EPC space."
Reliance Infrastructure Limited
Reliance Infrastructure Ltd, a part of Reliance Group, is India's largest infrastructure company.
As on March 31, 2010, the Reliance Group had total assets of over Rs 1,80,000 crore (US$ 39 billion), net worth of around of Rs 84,000 crore (US$ 19 billion), operating cash flow of over Rs 12,000 crore (US$ 2.7 billion), net profit of over Rs 7,000 crore (US$ 1.6 billion) & zero net debt.
Reliance Infrastructure Limited is India's leading utility company having presence in across the value chain of power business i.e. Generation, Transmission, Distribution, EPC and Trading and the largest infrastructure company by developing projects in all high growth areas in infrastructure sector i.e. Roads, Highways, Metro Rails, Airports and Speciality Real Estate.