General Electric wins O&M deal from Larsen & Toubro
General Electric reckons the market for power plant servicing in India is worth about $75m and growing at an annual rate of 10-15%.
The statement comes in a press release announcing that GE Energy Services has won an eight-year contract from the Indian engineering company Larsen & Toubro to operate and maintain a new cogeneration power plant built by L&T for India Petrochemicals Corporation (IPCL) at Gandhar in Gujarat. The release said the plant is scheduled to begin commercial operation early next year and will supply electricity and steam to IPCL.
L&T is the EPC contractor and the O&M contractor. It also manufactured and supplied the two heat recovery steam generators.
GE Industrial AeroDerivatives supplied the two LM6000 gas turbines. Ricardo Artigas, president and chief executive officer of GE Energy Services, said the agreement is, a stepping stone for additional contracts in India.