India

ABB sealed $22 million worth of deals to provide four turnkey substations for the regional grid in northern India.

AREVA has been awarded two contracts worth US$54.3 million for Extra High Voltage turnkey projects in India.

Indian Energy has received in-principle approval for financing of their entire Theni Project from the State Bank of India.

India has finalized the Generation Based Incentive scheme for IPPs in wind power projects with a total cap of 4GW. This was announced by the Ministry for New and Renewable Energy of the Government of India.

Until 2030, wind power will key in providing energy to India's ever growing demand amid an economy which will boom.

AREVA closed a US$194.9 million deal with Maharashtra State Electricity Transmission for the turnkey design and construction of 36 substations.

Until 2030, wind power will key in providing energy to India's ever growing demand amid an economy which will boom.

Wärtsilä has been awarded operations and maintenance agreements by the Nishat Group of Companies for two power plants in Pakistan. The 5-year agreements call for Wärtsilä to operate, maintain, and supply all labour and spare parts for the Nishat Power Limited and Nishat Chunian Power Limited plants. NPL and NCPL are Independent Power Producers supplying electricity to Pakistan's national grid. Each of these two plants will utilize eleven Wärtsilä 18V46 engines and a steam turbine to produce a total electrical output of 200 MWe. Both the NPL & NCPL power plants are located near the city of Lahore, and are scheduled to become operational in the 3rd quarter of 2009 and 1st quarter of 2010, respectively. "Wärtsilä and the Nishat Group have worked together as one team throughout the development of both these projects, which are now undergoing installation and commissioning," said Mr. Mian Mohammad Mansha, Chairman of the Nishat Group. Wärtsilä already has a strong presence in Pakistan, with nearly 1800 MW of Wärtsilä power plants either in operation or under construction. The Nishat O&M orders mean that more than half of this output will be operated and maintained by Wärtsilä's own personnel under O&M agreements. "We have supplied the power plants for several businesses belonging to the Nishat Group, including these two plants. Wärtsilä has an O&M agreement for the 33 MW captive power plant at DG Cement, which is also a part of the Nishat Group," said Christoph Vitzthum, Group Vice President, Wärtsilä Services.  

CLP will expand its renewable portfolio to approximately 450MW with a 99MW wind farm in Tamil Nadu, India.

AREVA and Astonfield have agreed to form a strategic partnership to develop biomass power plants across India. It is projected to produce a total output of 100 MW at an estimated investment of around US$142.5 million.

Powergrid reached a deal with NTPC Ltd to undertake the US$9.8 million turnkey execution of D/C Transmission line from Dadri to Loni.

The Tata Power Company Limited, India's largest integrated private power company, has priced an equity offering in the form of Global Depository Receipts for a gross amount of $335 million to fund capital expenditures of existing and future projects. Each GDR will represent 1 equity share, of a nominal value Rs.10 per equity share of the Company. The Company will be issuing 14,838,110 GDRs and each GDR has been priced at $22.577 as per relevant pricing guidelines for GDRs. The issue was priced on 21 July 2009 and listing is expected to take place on or about 27 July 2009.

Bharat Heavy Electricals Ltd. (BHEL) has ordered key components from Siemens Energy for a 1,600-megawatt (MW) coal-fired power plant in India. Amounting to over $111 million, the order is set to be delivered in 2011.

AREVA won four orders worth approximately US$69.9 million to supply Power Grid Corporation of India Ltd. 765 kV substations.

Westinghouse hopes to ink a deal with the NPCIL for it to deploy AP1000 nuclear power plants in India.

Siemens seeks to triple production capacity for industrial steam turbines in India by 2010 for approximately US$57.2 million. The expansion will be through a new gas turbine production facility with a surface area of 14,000 square meters in the state of Gujarat.