Uniper, India Power form JV in power plant service

Kolkata-based India Power Corporation Limited (IPCL), formerly known as DPSC Limited, announced a 50:50 joint venture with Germany-based Uniper – an international energy company that offers a broad range of services with a focus on power generation and global commodity trading.
The JV company, India Uniper Power Services,  would offer a broad range of flexible and customised services to customers in the Indian power business which include plant operations and maintenance, asset monitoring software and analytical tools, flexibilisation of units, lifecycle extension, supply and integration of pollution control equipment and systems, etc.
Commenting on this development, Hemant Kanoria, Chairman of IPCL, said, “The JV 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 Schafer, CEO of Uniper added, “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.”
With the current and expected changes in the power sector there is a huge potential to offer services to existing and newly built power plants to help them improve their operations and be ready for market and regulatory changes as the power market rapidly evolves in terms of emission standards, flexibility and efficiency, an official statement said.

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