Siemens is the Turnkey EPC contractor for Torrent
Torrent Power Generation, a subsidiary of Torrent group has reported progress on its 1100 MW Sugen CCPP ( Combined Cycle Power Plant ) coming up at Akhakhol in Gujarat with an investment of Rs.30,960 million. The debt equity ratio of the project is 70:30 in which ADB ( Asian Development Bank ) will pick up 10 % equity and DEG Germany will have 5% equity. In July 2005, the company has awarded the EPC contract to Siemens AG to construct the power plant on Turnkey basis. Siemens Siemens scope of supply will encompass three gas turbines, three steam turbines and three generators. The company will also supply the plant electrical and I systems.
Apart from this, the EPC contractor will also invest about Rs. 930 million as the quasi equity in the new venture. Commissioning of the first unit is scheduled for 2007. . Siemens and Torrent have also created a 50:50 JV to provide operations and maintenance services to the project. The project achieved financial closure in September The debt arrangements have been tied up with a consortium of financial investors led by Infrastructure Development Finance Corporation nike air max thea (IDFC), Industrial Development Bank of India (IDBI), Power Finance Corporation (PFC), Punjab National Bank, UCO Bank and Canara Bank. Torrent Energy has signed MoUs with three companies for sourcing gas and the GSAs ( Gas Supply Agreements ) are yet to be signed.
The project will have a dedicated nike air max thea transmission line of 220 KV to evacuate power to Surat, while power will be evacuated to Ahmedabad and other off takers through two 400 KV lines.
Torrent Power Generation Ltd, Torrent House, Off Ashram Road, Ahmedabad 380009.
Siemens AG, Freyeslebenstr. Mr. Alfons Benzinger
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