Abengoa has signed an agreement with Bharat Heavy Electricals Limited (BHEL), the largest engineering and manufacturing company in India’s energy and infrastructure sector, to establish a strategic partnership to jointly undertake Concentrating Solar Power (CSP) projects in India.
The agreement covers everything from supply to the joint implementation of CSP plants through EPC contracts (Engineering, Procurement and Construction). It also includes analysis of new areas of cooperation outside India. “This initiative,” explains Abengoa in a recent press release, “was conceived with the aim of creating a highly competitive player in the industry, for the Indian market and some other geographies, taking into consideration the high expectations that the development of this type of energy brings”.
According to the information on the strategic partnership provided by the companies, “Abengoa and BHEL will have a significant role in business cooperation under the agreement. Abengoa will contribute its expertise in the development, implementation and operation and maintenance (O&M) capabilities of innovative solar technologies, and will also bring its international experience in engineering and industrial construction, in addition to its working capacity; whereas the main value of BHEL would be its knowledge of the energy market, strong design and manufacturing base, EPC capability in the energy sector, and its track record as one of the benchmark companies in this market”.
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