Power News We love to talk!

MAR 30 2017

Siemens consortium wins PGCIL order worth $520 million for transmission system

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 30th MAR 2017

Siemens, in consortium with Sumitomo Electric, has bagged an order from Power Grid Corporation of India to supply a high-voltage direct current (HVDC) transmission system for a total of $520 million.

The German engineering and capital goods major Siemens’ Indian arm said that the company’s share of the order stands at Rs 1,682 crore.

“The grid-augmentation project will go a long way in delivering reliable, uninterrupted power to the state of Kerala. Most of the critical equipment for the project is being sourced from factories in India, renewing our commitment towards ‘Make in India’,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.

The 200-kilometer-long HVDC connection will be India’s first direct current link using voltage-sourced converter technology, which offers stable and highly-flexible reactive power control independent of active power control and additional features to support the AC systems like blackstart capability.

The grid connection is scheduled to go into operation in the first half of 2020.

Tags

DIRECT TOTAL Kerala Power Grid Grid Transmission System Siemens Power India Siemens

Related News

  • Profit, product launch next year: Suzlon's Tanti  Read more
  • Conglomerates on the lookout for distressed power assets  Read more
  • Coal mine auction to count royalty offer, give pricing freedom  Read more
  • Panasonic to Launch the Industrys Smallest and Lowest Operating Power Level* High-Capacity Power Relays, HE-S Relay  Read more
  • Green certificates sales on power exchanges up 42 per cent in April  Read more
  • Tata Power eyes stronger overseas presence  Read more
  • Coal verdict: Stocks tumble for second day  Read more
  • APERC gives relief to ailing ferro alloy industry  Read more
  • Discounted LED bulbs to be distributed in PM Modi's Gujarat  Read more
  • Hydropower plants increase production in June as rains pick up  Read more