India’s Kalpataru Projects International Limited signs US$159.99 million contract for Transmission Lines and Substations for the Gas to Power Project.
The Contract for providing EPC services for Transmission Lines and Substations for Guyana Integrated NGL Plant and 300 MW CCGT Power Plant for US$ 159.99 million was signed at the Prime Minister’s Camp Street Office on 19 July 2023. The contract was signed by Mr. Derrick Cummings, Permanent Secretary in the Office of the Prime Minister; Mr. Maurice Gajadhar, Chairman of Guyana Power and Lights Inc. and Mr. Mainak Majumdar General Manager (International Projects), Kalpataru Projects International Limited (KPIL) at an event in the presence of Prime Minister (Acting President) of the Cooperative Republic of Guyana Hon. Brig (Retd) Mark Philips, the High Commissioner of India Dr. K.J. Srinivasa, Minister within the Ministry of Public Works Deodat Indar, Mr Winston Brassington – Head of Guyana Gas to Energy Task Force and officials of the Task Force, along with other senior Government officials of the Prime Minister’s office & Ministry of Natural Resources, and executives of KPIL.
In their remarks, Prime Minister Brig (Retd) & Acting President Hon. Mark Philips and Minister Deodat Indar, emphasized the transformational nature and importance of the mega Gas to Energy Project and how it was part of a comprehensive plan of the Government of Guyana to realize the development potential of Guyana. The Guyanese dignitaries also alluded to the critical association of two Indian companies in the project – KPIL as the EPC Contractor for Transmission Lines and Substations and Engineers India Limited as the Project Management Consultant to the NGL Plant plus 300 MW CCGT Power Plant.
High Commissioner Dr. Srinivasa in his remarks underlined the growing and diversifying India-Guyana relationship and the entry of premier Indian companies both from the Indian public sector like RITES (currently supervising the Ogle Road project), GRSE (which manufactured the ferry for Region 1), REIL (for the 30,000 solar energy systems) & Engineers India Limited, along with private sector companies like Ashoka Buildcon, and now KPIL being the newest entrant to Guyana. High Commissioner expressed hope that the Indian company will be able to execute the project well within the timeframe and guidelines prescribed and specified by the Government of Guyana. High Commissioner also dwelt on the multifaceted developmental cooperation between India and Guyana including in infrastructure, education, healthcare, energy, oil and gas and capacity building.
KPIL is one of the largest specialized EPC companies from India, with an annual turnover of around USD 2 billion, is publicly traded, and engaged in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways, Oil & Gas Pipelines, Urban Mobility (Flyovers & Metro Rail), Highways and Airports. KPIL is currently executing 250 projects in over 30 countries and has a global footprint in over 70 countries. KPIL has so far globally executed orders worth over US$ 14 billion & has maintained a leadership position in all its major businesses backed by strong organisational capabilities, superior technical know-how, and adherence to best-in-class sustainability standards. The Company’s presence in Europe and South America has been further strengthened by the acquisitions of Linjemontage, Sweden and Fasttel, Brazil. Linjemontage offers power supply solutions and services for electricity networks up to 400 kV. It operates in three core business areas of substations, transmission and local networks and electricity network services. Fasttel has presence in more than 20 states in Brazil, with primary focus on EPC of substations, transmission lines and power distribution services.
