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Shriram EPC and Israeli firm to form venture for thermal power plant
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Friday, 02 Sep 2011
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Shriram EPC has tied up with an Israeli company for executing a INR 6.4 billion order from Abhijeet Projects for providing engineering, procurement, construction` services for Abhijeet 50 MW solar thermal power plant at Jaisalmer, Rajasthan.

Abhijeet Projects is the special purpose vehicle of Corporate Ispat and Alloys, which won the 50 MW project through the bidding process under the Jawaharlal Nehru National Solar Mission.

Shriram EPC has forayed into solar power sector in collaboration with ENER-T International of Israel, a company formed by people who have together worked on several solar thermal projects in California and Spain.

Mr T Shivaraman MD & CEO of Shriram EPC told Business Line that “While ENERT-T will be a technology partner for this project, Shriram EPC and ENER-T are also working towards establishing an equally-held joint venture so that the relationship is permanent.”

He said that All contracts secured after the formation of the joint venture would be executed by the joint venture.”

Scope of work
For the Abhijeet order, the scope of work includes the design, engineering, procurement, supply, erection, testing and commissioning for the entire project. In addition, the project entails setting up of a raw water storage system which includes a facility for pre-treatment of water and storage capacity for 60 days consumption. The project is scheduled for completion in 20 months.

(Sourced from BL)

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