Shanghai Electric to develop projects, supply equipment in India

Shanghai Electric Group develop large-scale power plants and wind power projects in India based on its agreement with CESC.

The company will form a joint venture for developing the power projects.

In another contract signed with Halida Energy, a subsidiary of CESC, the company will supply boilers, turbines and generators for the 600MW Haldia thermal power project worth  US$206.8 million.

The Halida thermal power project is expected to be commissioned by mid 2014.

Shanghai Electric vice-president Zhu Denian said the company was also planning to set up a manufacturing subsidiary in India and was looking for an Indian joint venture company.