Alstom has bagged two contracts, worth approximately €450 million in total from GVK Industries to build a couple of units of the new Jegurupadu-III combined cycle power plant in East Godavari district of Andhra Pradesh.
These contracts consist of an EPC (engineering, procurement and construction) contract and an additional long-term service agreement. The two units, to be commissioned from 2013 onwards, will have a combined power output of 800 MW. The portion of the EPC contract pertaining to the first unit of the power plant is expected to be booked during the third quarter of the current fiscal. The part involving the second unit will be booked after relevant governmental authorisation is received by the customer.