Chinese firm gets $1.5 bn contract for power plant in India

BEIJING: A group firm of China's State Grid Corporation has received the USD 1.5-billion contract to construct a power plant for conglomerate Vedanta Resources in India.

Shandong Electric Power Construction Corporation has won the contract, according to a statement posted on the Chinese government's Assets Supervision and Administration Commission website today.

Shandong Electric Power would design, construct and operate 3x660 megawatts power project for Vedanta in Jharsuguda, located in Orissa.