GETCO awards 2 turnkey substation orders in Gujarat to Alstom T&D India
Alstom T & D India Ltd has been awarded two contracts from GETCO (Gujarat Energy Transmission Company Limited) to supply 400KV/220KV/66KV AIS substation on turnkey basis, located at Charanka and Sankhari, to evacuate power from Asia’s largest and Gujarat’s first dedicated solar park. The substations will also play a pivotal role in strengthening transmission network in the state of Gujarat by acting as the evacuation and nodal grid substations. Additionally it will also improve the energy flow in the western region of India.
Both the orders, worth approximately INR 1510 million (€22 million) involves manufacture, supply, erection, testing, and commissioning of 400 KV Substations with Alstom’s key products like 400kV, 220 KV & 66 KV air insulated switchgear and related equipment, SCADA automation system along with the civil works. All equipment will be manufactured by Alstom’s world-class manufacturing facilities in India.
Commenting on the contract, Rathin Basu, Managing Director, Alstom T&D India said, “Alstom T&D India is happy to have been selected as the supplier of choice for this very important solar power evacuation project. It reaffirms GETCO’s confidence and trust in our wide repertoire of products and solutions and our project management capabilities. Gujarat is playing a lead role in developing renewable power in India. Alstom T&D India is pleased to deliver its expertise and solutions in these substations to integrate renewable power to the grid.”
The project is being developed under ADB’s Solar Energy schemes to catalyse 3000 MW of solar power generation projects in ADB developing member countries. With solar energy poised to play a pivotal role, these projects holds immense significance in increasing the share of renewable energy and green energy mix in the country.
Shares of Alstom T & D India Ltd was last trading BSE at Rs.180.20, up by Rs.5.75 or 3.30%. The stock hit an intraday high of Rs.183.65 and intraday low of Rs.173.55.
The total traded quantity was 0.12 lakh shares as compared to 2 week average of 0.20 lakh shares.