Chinese firm snags $2.4B contract for 2,640 MW coal-fired power project

Power Construction Corporation of China has signed a $2.4 billion engineering, procurement and construction (EPC) contract with India's Infrastructure Leasing & Financial Services (IL&FS) for the second phase of a massive coal-fired power project in southern India.

The contract includes the addition of four 660-megawatt (MW) power generators for a total capacity of 2,640 MW according to media reports. The first phase of the project will entail two units for a total capacity of 1,200 MW.

According to Reuters, IL&FS has acquired a coal mine in Indonesia to support the project and has said it will also import coal from South Africa and Australia to supply the new generators.

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