The growing power demand in the country is turning out to be great news for international electrical equipment manufacturers. Power majors like Tata Power Company (TPC), Reliance Energy (REL), National Thermal Power Corporation (NTPC) and Larson & Tubro (L&T) are currently in negotiations with several global leaders for equipment orders that could add up to millions of dollars.
TPC is in talks with Japanese companies Hitachi, Mitsubishi and Toshiba for super-critical technology, said sources. REL has already joined hands with Shanghai Electric for sourcing equipment for its three projects — Hisar (1,200 MW), Yamunanagar (600 MW) and Rosa (1,200 MW). The company is planning to continue the tie-up for its forthcoming projects also, the sources added.
Roughly, 80% of the cost of a power plant comes from the equipment segment. Of this, about 40% is for boilers, turbines and generators. L&T had signed an agreement with Japan’s Mitsubishi, and is likely to sign another with Toshiba this month. NTPC, which is sourcing super-critical technology from Russian company Techno Prom Export for its 1,980-MW plant at Barh in Bihar, is planning similar synergy with other foreign equipment and technology providers for its future ventures. NTPC was sourcing equipment from Bhel and the contracts were awarded on a negotiated basis.