Shanghai Electric signs contracts with CESC

18 September 2011 (Last Updated September 18th, 2011 18:30)

Shanghai Electric Group has executed two agreements with CESC for the development of new power projects in India. The first contract is for the formation of a joint venture to develop large-scale power plants and wind power projects in India. Under the second contract signed with

Shanghai Electric Group has executed two agreements with CESC for the development of new power projects in India.

The first contract is for the formation of a joint venture to develop large-scale power plants and wind power projects in India.

Under the second contract signed with Halida Energy, a subsidiary of CESC, the company will supply boilers, turbines and generators for the 600MW Haldia thermal power project worth Rs10bn ($206.8m).

The Halida thermal power project is expected to be commissioned by mid 2014.

Shanghai Electric vice-president Zhu Denian said the company was also planning to set up a manufacturing subsidiary in India and was looking for an Indian joint venture company.