GE Oil & Gas and Triveni Engineering & Industries Joint Venture on schedule
Written by Vivek   
Wednesday, 10 November 2010
Mumbai: GE Triveni Ltd. (GTL) an equity joint venture Company, between one of the affiliates of GE Oil & Gas and Triveni Engineering & Industries Ltd, has been incorporated in India, to manufacture advanced technology steam turbines in India for both domestic customers and export to global markets.

In April this year GE Oil & Gas and Triveni Engineering & Industries Ltd. signed a Joint Venture Agreement (JV) to design, manufacture, supply, sell and service advanced technology steam turbines in India in the 30 to 100 MW - range for power generation applications in the India and worldwide markets.

The transaction with GE Mauritius Infrastructure Holdings Ltd. (an affiliate of GE Oil & Gas) has been concluded after fulfilling all the conditions precedent contemplated under the JV including signing of the ancillary agreements and subscribing to the Share Capital of GTL on November 03, 2010.

GE Wins Largest Gas Turbine Combined-Cycle Order in India.

Under contracts totaling over $750 million, GE will supply six Frame 9FA gas turbines, three D-11 steam turbines, training and long-term services for a 2,400-megawatt expansion of the Samalkot power plant in the state of Andhra Pradesh. GE’s 9FA combined-cycle technology is proven in applications worldwide. In a combined-cycle configuration, exhaust gas from a gas turbine-generator is converted to steam, which is used to drive a steam turbine-generator, enabling the plant to produce additional power without an increase in fuel consumption. The new plant is expected to enter simple-cycle (gas turbines only) service in the first half of 2012 and combined-cycle (gas and steam turbines) in the second half of that year.

The primary fuel for the 9FA combined-cycle blocks at the Samalkot plant expansion will be natural gas, which is one of the cleaner fossil fuels used for power generation.

In addition to supplying equipment, GE also has signed a 15-year contractual service agreement (CSA) for the Samalkot project. GE currently is managing CSAs for customers at more than 700 sites covering 2,000 turbines worldwide. Benefits to customers may include performance guarantees, predictable maintenance costs and access to GE’s technology and global experience.

India is the sixth largest energy consumer in the world. The country’s demand for natural gas has been growing at a rate of 6.5 percent for the last 10 years, and that pace is expected to continue or even to increase.

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