GE Power India Secures ₹273.5 Crore Order for Saundatti Hydro Project Expansion
Introduction:
GE Power India Ltd (GEPIL) has these days secured a chief ₹273.Five crore order, aside from taxes, from GREENKO KA01 IREP Private Ltd. This new order is for the Saundatti Hydro Project, positioned in Belagavi, Karnataka. The agreement is an extension of the prevailing partnership, reflecting the expanded scope of work on the task website online.
This development follows GE Power’s successful execution of an initial contract awarded in April 2022, which was valued at ₹863.4 crore (approximately $113 million). The original agreement encompassed the provision of electro-mechanical equipment for a total installed capacity of 1,280 MW, including 3 x 320 MW and 2 x 160 MW vertical Francis pump turbine units.
The expanded contract adds a new 320 MW unit to the Saundatti pumped storage project (PSP), reinforcing the overall project capacity and the importance of this development.
Key Scope of Work and Expansion Details
Under the new contract, GE Power India will be responsible for the engineering, procurement, manufacturing, supply, installation, and testing of electromechanical equipment. The scope has been extended to accommodate the addition of another 320 MW unit, which will play a vital role in enhancing the project’s overall capacity.
GE Power India Secures ₹273.5 Crore Order for Expansion of Saundatti Hydro Project in Karnataka:
The project’s expansion further consolidates GE Power’s position in the hydro power segment. The company will execute the new contract under the hydro business unit of GE Vernova Hydro Power India Private Ltd, the entity that resulted from the transfer of GE Power’s hydro business operations from GE Power Electronics (India) Private Ltd.
Strategic Implications and Industry Impact
This contract expansion reflects both the growing demand for renewable energy projects in India and the increasing role of pumped storage systems in meeting the country’s energy needs. The Saundatti PSP, once fully operational with the new additions, will significantly contribute to stabilizing the grid and enhancing energy storage capabilities, which are crucial for the growing renewable energy market.
GE Power India Wins ₹273.5 Crore Order to Expand Saundatti Hydro Project Capacity:
For GE Power India, this order represents a continuation of its longstanding relationship with GREENKO, a leader in the Indian renewable energy sector. It also highlights GE’s strength in hydro power solutions, an area increasingly prioritized by India’s energy strategy.
As the country moves toward achieving its renewable energy goals, projects like the Saundatti PSP will be essential in balancing intermittent renewable generation sources such as solar and wind power, making energy storage and flexibility increasingly important.
Conclusion:
With this new order, GE Power India solidifies its role as a critical player in India’s renewable energy infrastructure development. The growing emphasis on pumped storage plants, like the Saundatti project, underscores the significant role of hydroelectric and energy storage solutions in future-proofing India’s power grid against the demands of a clean energy transition.
FAQ:
1. What is the value of the new order secured by GE Power India?
GE Power India has secured a new order worth ₹273.5 crore, excluding taxes, from GREENKO KA01 IREP Private Ltd for the Saundatti Hydro Project.
2. What is the Saundatti Hydro Project?
The Saundatti Hydro Project is a pumped storage project (PSP) located in Belagavi, Karnataka. It plays a key role in India’s renewable energy landscape by providing energy storage solutions and stabilizing the grid with additional capacity.
3. What will be GE Power India’s role in the project?
GE Power India will be responsible for the engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment for the project. They will also handle the addition of a 320 MW unit as part of the expansion.
4. How does the new order expand on GE Power India’s previous contract?
The new order is an extension of an earlier contract awarded in April 2022. The original contract, valued at ₹863.4 crore, included electro-mechanical equipment for 3 x 320 MW and 2 x 160 MW units. The current expansion adds another 320 MW unit to the Saundatti PSP, increasing its overall capacity.
5. What are the benefits of this project expansion?
The addition of the new 320 MW unit will enhance the overall capacity of the Saundatti PSP to 1,280 MW. This will help improve energy storage and grid stability, supporting India’s growing renewable energy infrastructure.
6. Who is GE Vernova Hydro Power India Pvt Ltd?
GE Vernova Hydro Power India Pvt Ltd is the new entity formed after the transfer of GE Power’s hydro business from GE Power Electronics (India) Private Ltd. It is responsible for overseeing the hydro business operations related to projects like Saundatti PSP.
7. How does this project contribute to India’s renewable energy goals?
The Saundatti Hydro Project supports India’s renewable energy ambitions by providing critical energy storage solutions through pumped storage. This allows for better integration of renewable energy sources such as wind and solar by balancing the intermittent nature of their power generation.
8. How will this contract impact GE Power India’s position in the market?
This new order solidifies GE Power India’s position as a leading player in the Indian hydro and renewable energy sectors. It reflects the company’s ongoing commitment to delivering innovative solutions for large-scale renewable energy projects in India.
9. When was the initial contract for the Saundatti Hydro Project awarded?
The initial contract for the Saundatti Hydro Project was awarded on April 29, 2022, and was valued at approximately ₹863.4 crore (around $113 million).
10. What is the significance of pumped storage in renewable energy systems?
Pumped storage is crucial for balancing the grid and providing energy storage, especially in a system that heavily integrates renewable energy sources. It helps store excess energy when demand is low and release it when demand spikes, making it an essential component for grid stability in the renewable energy transition.
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