Reliance Infrastructure bags EPC order for Rs. 3,675 crore
Reliance Infrastructure Limited (RInfra) EPC Division has won a prestigious EPC order for Rs.3,675 crore (Rs.2,302 crore plus USD 205 million) from NLC India Limited (formerly known as Neyveli Lignite Corporation Limited) for setting up two nos. of Lignite based CFBC Thermal Power Projects of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India.
The contract entails complete Engineering, Procurement and Construction (EPC) on turnkey basis of 2 Nos of 1 X 250 MW Power Plant based on Circulating Fluidized Bed Combustion (CFBC) technology. The project is to be commissioned in 40 months, and will include Boiler, Turbine & Generator and Balance of Plant. RInfra won the bid amidst stiff competition against leading EPC players. Expression of Interest (EOI) for Qualification Requirement (QR) through International Competitive Bidding (ICB) on EPC basis was floated, and leading companies including RInfra, BHEL, Lanco, SEPCO I, SEPCO III and BGR Energy participated in the bid. RInfra bid was the lowest amongst shortlisted bidders.
With a clear focus to position itself in India’s growing infrastructure sector, and a plethora of projects in the offing including metro rails, nuclear power plants, air quality control, marine, inland, railways, ports, dredging, and mega infrastructure projects, RInfra is targeting EPC opportunities worth Rs. 2 lakh crore planned by Government of India. It is aggressively bidding for over Rs. 1 lakh crore of projects in this financial year to increase the EPC order book to over Rs.30,000 crore by FY18.
Speaking on the occasion, Arun Gupta, CEO RInfra EPC said, “This is a prestigious project for us and will add up to our existing credentials of executing big scale, complex projects in record time and at competitive cost. With our experience of having executed different types of power projects, from supercritical coal fired to advanced class gas turbine to renewable energy, this contract will augment our capability and add Neyveli Lignite Corporation a Navratna PSU in our existing illustrious client list. This project has been won by us at the right time to further leverage our unparalleled comprehension of critical technology, expertise in engineering and time bound execution in the EPC space."
RInfra EPC division has earlier executed large scale projects worth Rs.33,000 crore ($ 5 Billion) including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh. RInfra EPC is known for their unmatched capability in executing challenging projects, through a right mix of innovation, technology and robust processes to manage cost, time and delivering world - class quality.
With its expertise and proven track record of executing challenging projects ahead of schedule, RInfra EPC division has also signed MOUs and joint ventures with leading global companies, in order to augment its capabilities to participate in mega transformative projects in the EPC space.
NLC’s thermal power stations are South Asia’s first lignite fired and India’s first pithead based power station. NLC, from the lignite extracted from its mines, operates five thermal power stations with an aggregate capacity of 3,240 MW in the states of Tamil Nadu and Rajasthan.
Bithnok Thermal Power Project (250MW) with the linked lignite mine of 2.25 MTPA capacity at Bithnok in the State of Rajasthan is being set up by NLC for which Power Purchase Agreement has been signed with Rajasthan DISCOMs.
Barsingsar Thermal Power Station Extension (250MW) with linked Hadla Lignite Mine (1.9 MTPA), Rajasthan is an extension of the existing power plant at Barsingsar. Both the projects are set for commissioning during 2020.