Uniper and India Power form 50-50 joint venture in power plant service

• 7 years ago (2016-09-02)
• David Flin

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India Power Corporation (IPCL) and the German-based Uniper Power have agreed to set up a 50:50 service company joint venture, to be called India Uniper Power Services. The new company will offer customised services to customers in India, including plant operations and maintenance, lifecycle extension, supply and integration of pollution control equipment and systems, and increasing flexibility of power units.

A substantial portion of India’s energy portfolio is expected to remain coal-based, given the country’s large coal reserves. At the same time, renewable energy sources are also expected to see substantial capacity addition.