The
power starved states of southern India have reasons to smile.
Power Construction Corporation of China has signed a $2.4 billion contract to build
the second phase of a massive coal-fired power complex in southern India that
will help meet soaring local demand for electricity.
This EPC
contract is for IL&FS, which will include the addition of four generators
each with a capacity of 660 megawatts (MW).
The project
will create more than 10,000 jobs in India
and use power equipment made in China.
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