ABB builds India's first operational private power plant

India's first independent power project (IPP) - a 235-megawatt combined-cycle power plant - begins delivering electricity to the local power grid

Zurich, Switzerland, August 13, 1996 - ABB, the international electrical engineering company, today announced it has finalized an order to build a turnkey 235-megawatt combined-cycle power plant at Jegurupadu, India, in the southern State of Andhra Pradesh. The order is valued at approximately US$ 195 million and was placed by GVK Industries Limited, Hyderabad, India, an independent power producer formed to implement the project. Construction at the site began early 1995 while the project's final financial details were settled. The first of the plant's gas turbines has been successfully connected to the local electricity grid and complete operation of the plant in combined-cycle mode is scheduled for summer 1997.

This is the first of India's privately financed, fast-track, independent power projects to come on stream and is expected to serve as a standard for further IPP projects presently under development.

ABB is responsible for the overall planning and project management and is supplying three 50-megawatt gas turbosets, the associated heat recovery steam generators, one steam turboset and the plant control system. In addition, a significant portion of the project infrastructure will be supplied locally through the resources and manufacturing facilities of ABB India, such as the cooling water plant, switchgear and transformers as well as the planning and management of the civil works.

In addition to GVK, equity partners for the project include the World Bank subsidiary International Finance Corporation, the Asia Infrastructure Fund, Hong Kong, as well as CMS Generation, Michigan, USA , who will be responsible for the operation and maintenance of the plant, and Andhra Pradesh State Electricity Board,who will purchase the power from the plant, and ABB who are building the plant. It is also planned that equity will be distributed to the Indian Public. The f inancial adviser to the project is ABB Project and Trade Finance, who are working closely with the International Finance Corporation. The power plant will be fuelled with both natural gas, supplied under contract by the Gas Authority of India (GAIL) and with naptha, supplied by Bharat Petroleum Corporation Limited (BCPL).

ABB employs over 10,000 people in India with an order intake in 1995 of US$ 670 million. ABB's Power Generation segment employs more than 46,000 people worldwide with orders in 1995 of over US$ 10 billion. The ABB Group employs approximately 217,000 people with orders in 1995 of over US$ 36 billion.

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    Contact us

    • Mr. John Fox
      ABB Corporate Communications, Zurich
      Tel. +41 1 317 7671
      Fax. +41 1 317 7958
    • Mr. Manish Bhargava
      Country Communications Manager, India
      Tel. +91 11 685 4846
      Fax. +91 11 685 6148
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