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:
“Therefore doth heaven divide
The state of man in divers functions,
Setting endeavor in continual motion,
To which is fixed, as an aim or butt,
Obedience; for so work the honeybees,
Creatures that by a rule in nature teach
The act of order to a peopled kingdom.”
—William Shakespeare (1564–1616)
“Power corrupts ... when the weak band together in order to ruin the strong, but not before. The will to power ... far from being a characteristic of the strong, is, like envy and greed, among the vices of the weak, and possibly even their most dangerous one.”
—Hannah Arendt (1906–1975)
“It took more than one man to change my name to Shanghai Lily.”
—Jules Furthman (1888–1960)
“The more I see of democracy the more I dislike it. It just brings everything down to the mere vulgar level of wages and prices, electric light and water closets, and nothing else.”
—D.H. (David Herbert)