Tata Power inks contract with Toshiba for Mundra

"Tata Power Company Ltd has announced the signing of an EPC contract for supply of five (5) 800 MW Steam Turbine Generators with Toshiba Corporation for the first 4000 MW Ultra Mega Power Project (UMPP) in India to be located at Mundra, Gujarat.

Toshiba Corporation's scope of work includes - the design, manufacture, test and supply of equipment related to the Steam Turbine Generator packages for the five units of 800 MW each. They will also be associated with supervision of commissioning of the turbines. With this contract, Tata Power has taken another step forward in bringing world class technology to India. Just as Tata Power was the first Company to usher in the era of 500 MW units in India, it has also notched another first - the 800 MW era.

This move further reinforces Tata Power's commitment to accelerate the pace of the project by not only ordering the equipments quickly but also tying up with world class technology providers like Toshiba and Doosan Heavy Construction Ltd, ahead of schedule. Thereby, increasing the possibility of contributing to the capacity addition within the 11th Five-Year Plan itself.

Mr. Prasad R Menon, Managing Director- Tata Power said "This agreement is a significant step towards our drawing on the technical expertise of a strong international player like Toshiba. This partnership will provide an excellent technical solution for Mundra UMPP which is also cost competitive."

Tata Power recently announced the signing of a contract for complete Boiler Island scope on EPC basis with Doosan Heavy Industries & Construction Co. Ltd., Korea. The contract for complete Boiler Island includes super critical boilers for the 5 units of 800 MW each, based on super critical technology required for such large sized units. Thus, bringing in the first 800 MW Unit to India, thereby ushering India into the era of 800 MW super-critical technology.

The Company has also acquired Coastal Gujarat Power Ltd, a Special Purpose Vehicle (SPV) formed for Mundra UMPP. The signing of the Share Purchase agreement, Escrow agreement, Hypothecation agreement, and Port Service agreements, by PFC, bankers, procurers and Tata Power, now allows the Company to go ahead with the various project development activities. Coastal Gujarat Power Ltd has also signed Power Purchase Agreements (PPAs) with seven procurers (distribution licensees) for the sale of contracted capacity and supply of 4000 MW electricity to these licensees but it delineates responsibility of procurers and Company for the next important milestone. It also nominated Gujarat Distribution Company as the lead procurer on behalf of all procurers."