Awarded Rs.737 cr Rooppur Nuclear Power Plant contract in JV with MAX Group
Mumbai, June 06, 2018: Infrastructure major, Hindustan Construction Company Ltd. (HCC), in the joint venture with MAX Group, a leading construction company in Bangladesh has been awarded US$ 110 million (Rs.737 crore) contract by Russia’s State Nuclear Company, JSC Atomstroyexport, for civil works of Turbine Island for Unit 1 of Rooppur Nuclear Power Plant. HCC’s share in the JV is 40% (US$ 44 million / Rs.295 crore).
The Rooppur Nuclear Power Plant 190 km northwest of Dhaka will be built with Russian technology and is equipped with two VVER Reactors of 1200 MW each. These reactors are similar to the Kudankulam Nuclear Power Plant in Tamil Nadu.
Commenting on the new order win, Mr. Arjun Dhawan, Director and Group CEO, HCC said, “HCC has become the first Indian company to participate in the international civil nuclear market. We are confident of delivering this job on time with precision in quality, safety, and state-of-the-art technology. We look forward to further project awards in Rooppur NPP and expanding our infrastructure footprint in Bangladesh.”
Recently, India signed an agreement with Bangladesh for civil nuclear cooperation, under which India has extended expertise and project support for Bangladesh’s first nuclear power plant. India not being a member of Nuclear Suppliers Group (NSG) cannot participate directly in the construction of atomic power reactors. But Indian companies can be involved in construction and installation works and in the supply of equipment of non-critical category. HCC is the only Indian company which has successfully constructed the nuclear power project with Russian VVER type Light Water nuclear reactors.
HCC has constructed 65% of the country’s installed nuclear power capacity. 15 out of 24 nuclear reactors in India are built by HCC. India’s largest light water reactors built at Kudankulam nuclear power plant was built by HCC in 2010. HCC is currently engaged in the construction of the first phase of Integrated Nuclear Recycle Plant of BARC in Tarapur, Fast Reactor Fuel Cycle Facility (FRFCF) in Kalpakkam and Units 7 & 8 (2×700 MW) PWHR at Rawatbhata, Kota, Rajasthan.
HCC is a business group of global scale developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India’s landmark infrastructure projects, having constructed 25% of India’s Hydro Power generation and over 65% of India’s Nuclear Power generation capacities, over 3,800 lane km of Expressways and Highways, more than 335 km of complex Tunnelling and over 365 Bridges. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. HCC is also developing Lavasa City, a planned hill city and one of India’s largest urban development and management initiatives. The HCC Group, with a group turnover of Rs.10,132 crore, comprises of HCC Ltd., HCC Infrastructure Co. Ltd., Lavasa Corporation Ltd. and Steiner AG in Switzerland.