Sterlite Energy has signed a Rs 1400 crore operation and maintenance contract with Evonik Energy Services India (EESI) for their 4x600 MW power plant at Jharsuguda. The deal with EESI is for a period of 82 months; with this the annual value of the contract is about Rs 200 crore.
Apart from this one, Sterlite Energy is setting up a 2400 MW power project with Independent Power Producer (IPP) status at Jharsuguda in Orissa at an investment of Rs 8200 crore. The four units of the plant are in the final stages of commissioning with the first unit expected to go on stream next month.
The company will then commission other units within a year by SEPCO-III, the Chinese EPC contractor, which has built the plant in a record time.
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