Chinese power plant contractors take half of Indian market share

China's SEPCO III took more than 20 percent of Indian power plant building market, aid Lu Yanxia, director of SEPCO III’s Mumbai Office. All Chinese power plant contractors occupy less than 50 percent of market share in India.

SEPCO III, the largest Chinese contractor of power plant in India on engineering, procurement and construction, has been awarded US $9 billion worth of contracts since 2005 with total power generation capacity of 9.57 GW, said Lu Yanxia, director of SEPCO III’s Mumbai Office on Tuesday.

Partnering with Adani Power, Vedanda Resources and Hong Kong- based CLP Group, SEPCO III now has five projects under construction and has finished one with 23 power generating units.

Peng Gang, economic and commercial counselor of the Chinese embassy in New Delhi, said that Chinese power plant builders and power generation equipment suppliers have made positive and effective contribution in recent years to the growth of Indian power generation capacity and the improvement of infrastructure at large.

Chinese players also increased local employment and enhanced capacity building in this regard, said Peng. India needs to adopt a more aggressive path to generate additional power, said C Rangarajan, chairman of the Economic Advisory Council to the prime minister.

Though Indian central government planned to add 78 GW of power generation capacity during 2006-2011, only around 50 GW could be realized. On the other hand, Chinese power plant builders intend to implement the projects in a faster way, and are willing to employ and train local workers.