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Power Mech Projects announced that it has bagged orders worth ₹2,500 crore from Bharat Heavy Electricals (BHEL).
Power Mech Projects is a construction and engineering company that executes critical power plants and provides services in mining, power plants, and other infrastructure projects.
The deets: under the contract, Power Mech will design, buy, and build all the supporting systems for a new 800 MW coal-based power plant in Telangana. It will also provide related services like inspection, testing, commissioning and transportation.
Why it matters: India is the third largest producer and consumer of electricity globally. While there is a steady shift towards renewable sources, the country still relies on coal-based thermal power plants to meet 50% of its electricity needs.
Solar and wind power do not ensure steady supply amid growing power cuts in metropolitan cities. To solve this, the government has planned to install 80 GW of new thermal capacity by 2032, with tenders worth over ₹2.75 lakh crore.
Orders like these would thus also help improve that capacity and strengthen India’s electricity grid.
