SOURCE: Industrial Info Resources

Industrial Info Resources

May 20, 2010 05:00 ET

India's GVK Power Awards $445 Million Contract to Expedite Augmentation of Gautami Power Plant, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - May 20, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- GVK Power and Infrastructure Limited (BSE:532708) (Secunderabad, Andhra Pradesh), India's private-sector energy producer, has awarded a power equipment contract to fast-track the expansion of its 464-megawatt (MW) Gautami power project. The $445 million contract has been secured by a consortium including Siemens AG (Munich, Germany), Hyundai Heavy Industries Company Limited (SEO:009540) (Ulsan, South Korea) and Larsen & Toubro Limited (BSE:500510) (L&T) (Mumbai). GVK proposes to add another 800 MW of power-generating capacity at the site of its 464-MW, dual-fuel, combined-cycle Gautami power plant at Peddapuram, in the East Godavari district of Andhra Pradesh. Presently, the power plant consists of two gas turbines and one steam turbine.

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