KEC International wins new contracts worth $183M

WCN Editorial Team 2 Sep 2016 ASIA ENERGY & UTILITIES

India-based firm KEC International has secured new energy plant contracts worth INR12.24bn ($182.7M) in India, Thailand and Bangladesh.

The company’s transmission and distribution business has secured domestic orders worth INR5.89bn ($88M) from Karnataka Power Transmission Corporation under the Indian government’s ‘Green Energy Corridors’ initiative. It includes the supply and construction of a 400/220kV GIS & AIS substation and a 400kV transmission line at Jagalur, Karnataka, and a 400/220kV Substation and 66kV transmission Line at Gadag, Karnataka.

KEC’s transmission business has also secured international contracts worth INR2.16bn ($32.2M). A turnkey order of INR1.73bn ($25.8M) was awarded by the Electricity Generating Authority of Thailand for the construction of a 500kV transmission line on the Thai/Laos border, while an INR430M ($6.4M) contract was awarded by the Power Grid Company of Bangladesh for the construction of 132kV transmission lines.

The firm’s railways business has secured orders worth INR2.48bn ($37M) for overhead electrification in India, and its cables business won an INR1.71bn ($25.5M) contract to supply power and telecom cables.

KEC International managing director and CEO Vimal Kejriwal said: “We are pleased that we continue to strengthen our order book across various businesses and geographies.

“In the Transmission and Distribution arena, the order win in Thailand is a significant step in our pursuit to diversify our geographic spread into the ASEAN region. On the Domestic front, the order wins clearly reflect a strong growth in the intra-state T&D network.

“The new order wins in Railways strengthen our belief that the Railway Business is poised for a rapid built-up in order book and revenues.”

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