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 Office of the Prime Minister on Wednesday.
The contract was signed by Permanent Secretary in the Office of the Prime Minister, Derrick Cummings; Chairman of Guyana Power and Lights Inc., Maurice Gajadhar, and General Manager (International Projects), Kalpataru Projects International Limited (KPIL), Mainak Majumda in the presence of acting President Brig (Retd) Mark Philips.
Also in attendance were the High Commissioner of India Dr. K.J. Srinivasa, Minister within the Ministry of Public Works Deodat Indar, Head of Guyana Gas to Energy Task Force, Winston Brassington, and other officials.
During the signing both Phillips and Indar emphasised 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.
Dr. Srinivasa 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 Reg. 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.
He 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. Further, he dwelt on the multifaceted developmental cooperation between India and Guyana including 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 US$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 and 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 a presence in more than 20 states in Brazil, with a primary focus on EPC of substations, transmission lines, and power distribution services.
