Poor Thermal Power Generation Activity In India Forces Powergrid To Eye Brazil Projects

Poor Thermal Power Generation Activity In India Forces Powergrid To Eye Brazil Projects

PowerGrid Corporation of India is planning to bid for transmission packages in Brazil on engineering, procurement and construction (EPC) basis by December-end, as the company looks for opportunities abroad on account of poor thermal power generation activity within the country in the last couple of years. A senior company official said, “We plan to bid for some two-three packages out of 11 packages worth Rs 83,000 crore, or $14 billion, being tendered by the government of Brazil. We are waiting to formalise a local partner who will be registered in Brazil to undertake the execution work. The bids have to be submitted by December-end,” the official said. PowerGrid is already present outside India providing consultancy services in 21 countries, mainly in Africa. But it is the first time they are looking out of India for an EPC opportunity. The contract would involve transmission lines, towers and setting up substations, the official said. The company is open to similar opportunities in other countries, such as Myanmar and Sri Lanka and other Southeast Asian countries. “We are in discussion with some of them and evaluating our options,” the official added. Read More…

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