Deals1 Oct 2024, 06:28 pm
GE Power India Receives $3.2 Million Contract from Blue Energy Limited for 100MW Super Trishuli HPP
AI Summary
GE Power India Ltd. has announced receiving a contract from Blue Energy Limited for the design, engineering, procurement, supply, erection, testing, and commissioning of the 100MW Super Trishuli Hydro Power Project (HPP) in Nepal. The contract, valued at approximately NR 2,404 million and NPR 340 million (exclusive of taxes and duties), is in accordance with the business transfer agreement between the Company and GE Power Electronics (India) Private Limited for the sale and transfer of the Hydro Business undertaking of the Company. The project is expected to be completed within 42 months.
Key Highlights
- Contract worth approximately $3.2 million (NR 2,404 million and NPR 340 million)
- Awarded by international entity - Blue Energy Limited
- For the design, engineering, procurement, supply, erection, testing, and commissioning of 100MW Super Trishuli HPP
- In accordance with the business transfer agreement between GE Power India and GE Power Electronics (India) Private Limited
- Project completion expected within 42 months