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India Power Corporation enter into joint venture with German based Uniper

IPCLIndia Power Corporation Limited (IPCL), a power generation company, has entered into a 50:50 joint venture service company- “India Uniper Power Services” with German based Uniper, said t he company.

The new JV will offer services like flexible and customised plant operations and maintenance, asset monitoring software and analytical tools, flexibilisation of units, lifecycle extension, supply and integration of pollution control equipment and systems, the company said.

Hemant Kanoria, Chairman of IPCL, said,”The joint Venture will Combine strengths of strong partners with complementary scope and portfolio, Uniper’s experience of OWning and managing a portfolio of about 40 GW in various Countries will allow India Uniper Power Services to adopt best practices and make thermal power plants more competitive. IPCL’s expertise and knowledge of the local market will help the company become a key player in the thermal generation sector and focus on improving the efficiency of power plants in India.”

Klaus Schäfer, CEO of Uniper, said, “Europe has faced many of the challenges that India can expect to see in the years to come. Renewables-build out will impact the operating regime of Conventional power plants with a need for an increased plant flexibility. In addition, a tightened environmental policy will require upgrades and new power plant emission control processes. Uniper has gained substantial experience in all these areas within its own fleet Over many decades.”

The Indian power sector continues to be dependent on coal-based and gas-based generation with close to 70% of total installed capacity being from these sources, the company said.

There have been large investments in establishing additional power generating assets in the Country, especially in the last decade, many of which need dedicated operations, maintenance and process support for enhancement of efficiency and optimisation of cost, the company further added.

Uniper, an international energy company with about 40 GW of installed generating capacity that offers a broad range of services with a focus on power.

IPCL, formerly known as DPSC Limited, is a company into power generation and distribution.

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