Transmission & Distribution: AREVA signs 130 million euros alliance agreement to provide 36 substations in India
FACTS AND FIGURES / FINANCE
October 21, 2009
AREVA T&D India has signed an EPC* alliance agreement worth approximately 130 million euros with Maharashtra State Electricity Transmission Co. Ltd (MSETCL), for the turnkey design and construction of 36 substations of 220 kV and 132 kV.
These substations will be provided at various locations across the State of Maharashtra (West of India).
Over the three year period of the agreement, AREVA T&D will assist MSETCL to significantly upgrade and expand the transmission and distribution network of this rapidly growing industrial State.
Commenting on this agreement, Michel Augonnet, Executive Vice President of AREVA T&D’s Systems business, said: "We are honored to have been chosen by MSETCL for the first EPC alliance of this kind in India and to support the substantial expansion of their network. This project confirms our expertise in the utility segment and significantly strengthens our leadership position in India."
* EPC = Engineering Procurement and Construction