The Power Construction Corporation of China has signed a USD 2.4 billion contract to build four 660 MW generating plants in the second phase of a large coal-fired power project in southern India. The project is a 3600 MW imported coal based thermal power complex in Tamil Nadu, which is being built in two phases. The project includes a dedicated port and jetty with enabling infrastructure for the importing of 15-25 million tonnes of coal per year.
The deal, which has been signed with India’s Infrastructure Leasing and Financial Services Ltd, is an engineering, procurement and construction contract, and is believed to be the second largest project won by a Chinese company in India’s power sector. Last year, Shanghai electric signed an USD 8.3 billion contract with Reliance Power to supply power generating equipment.