Power Machines to manufacture equipment for Sipat TPP (India)

Power Machines won a tender for construction of three power units with the capacity 660 MW each for Sipat thermal power plant (India) on the “turn-key basis". Customer is Indian National Thermal Power Corporation.

Power Machines Group shall carry out designing, manufacturing, supply, assembling and commissioning of three power units for the turbine island of Sipat TPP

Equipment for each power unit will be designed and manufactured at plants-members of Power Machines Group - "Leningradsky Metallichesky Zavod" – steam turbines with supercritical steam parameters, "Electrosila" – turbogenerators, “Kaluga Turbine works” –feedwater turbine-driven pumps.

The price of the project reaches 250 million US$. Financing will be carried out completely from the budget of the Customer - National Thermal Power Corporation.

In accordance with the terms of the project the first power unit will be put in operation in 46 months after awarding the Contract, the second and third - will be put in operation one per six month.

The main competitors of Power Machines Group were Alstom, Marubeny-Toshiba and other companies well-known in the international power market. Project of Power Machines Group lead to great interest from the part of Indian Customer to have the equipment for the turbine island manufactured at plants-members of Power Machines Group.

A new thermal power plant Sipat located at Chattisgarh will provide industrial enterprises and population of India with electric power.

According to Mr. Sadovnikov Sergei, Regional Director of Power Machines Group, “signing the contract on manufacturing of such innovative equipment is the first large step in the field of cooperation between Russian and Indian Power Corporations”

At the moment Power Machines and Indian National Thermal Power Corporation submit terms of the Contract, schedule of works, primary documents for receiving an advance payments and putting equipment in operation. Formal contract arrangement planned to carry out in May 2004.