Areva announces two contracts in India

Jan. 30, 2008 at 3:21 PM
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PARIS, Jan. 30 (UPI) -- France's Areva will provide transmission and distribution to Indian utility majors National Thermal Power Corp. and Powergrid.

Under the NTPC contract totaling nearly $34 million, Areva will design, engineer, manufacture and supply a power transformer package for the 3x500 megawatt Indira Gandhi thermal power project in Jhajjar, in the Indian state of Haryana.

The project has been granted mega power project status by the Indian government and is reportedly the largest single order awarded for power transformers in India.

Under the $26.6 million contract signed with Powergrid, Areva will upgrade the sub-transmission systems in the state of Bihar by extending the existing substations and building additional 33kV bays.

"Areva has always believed in a new India where energy is a driving force. Therefore, we are proud to be a key partner in the enhancement of the country's power transmission and distribution networks," said Karim Vissandjee, chief financial officer of Areva's transmission and distribution division.

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