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:
“An absolute can only be given in an intuition, while all the rest has to do with analysis. We call intuition here the sympathy by which one is transported into the interior of an object in order to coincide with what there is unique and consequently inexpressible in it. Analysis, on the contrary, is the operation which reduces the object to elements already known.”
—Henri Bergson (1859–1941)
“... the sentimentalist ... exclaims: “Would you have a woman step down from her pedestal in order to enter practical life?” Yes! A thousand times, yes! If we can really find, after a careful search, any women mounted upon pedestals, we should willingly ask them to step down in order that they may meet and help to uplift their sisters. Freedom and justice for all are infinitely more to be desired than pedestals for a few.”
—Bertha Honore Potter Palmer (1849–1918)
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“Suddenly I’m not half the girl
I used to be.
There’s a shadow hanging over me . . .
From me to you out of my electric devil....”
—Anne Sexton (1928–1974)