Order To Shanghai Electric
Anil Ambani placed a single order for $8.3 billion with Shanghai Electric Co Ltd (SEC) for buying 36 coal-fired thermal power generation units, spare parts and related services over a 10-year period. This took the total deal size between Reliance Power and the Chinese power equipment maker over the past couple of years to $10 billion, making it the largest contract between a private Indian company and a government-owned Chinese firm.
While Reliance Power has also given a $2.2 billion deal to US-based General Electric, the agreement signed with SEC is on a different plane. The Chinese company will supply boiler, turbine and generator packages for up to 30,000 MW capacity of coal-based power at six plants, including the ultra mega power project at Krishnapatnam, the 5,940-MW project in Chitrangi, and the 3,960-MW project in Tilaiya.
Read more about this topic: Reliance Power
Famous quotes containing the words order to, order, shanghai and/or electric:
“Russian forests crash down under the axe, billions of trees are dying, the habitations of animals and birds are layed waste, rivers grow shallow and dry up, marvelous landscapes are disappearing forever.... Man is endowed with creativity in order to multiply that which has been given him; he has not created, but destroyed. There are fewer and fewer forests, rivers are drying up, wildlife has become extinct, the climate is ruined, and the earth is becoming ever poorer and uglier.”
—Anton Pavlovich Chekhov (1860–1904)
“It’s a fine thing to rise above pride, but you must have pride in order to do so.”
—Georges Bernanos (1888–1948)
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“That’s the down-town frieze,
Principally the church steeple,
A black line beside a white line;
And the stack of the electric plant,
A black line drawn on flat air.”
—Wallace Stevens (1879–1955)