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Hinduja Energy India forms JV with STEAG Energy Services

Thursday, 29 Mar 2012
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Hinduja Energy India has signed a JV agreement with STEAG Energy Services (India), the subsidiary of German based STEAG Energy Services GmbH.

As per the agreement, Hinduja Energy will set up the JV company with STEAG Energy Services (India) for operations and maintenance of various power projects in India. The JV company will carry out operate operation and maintenance activities of Hinduja National Power Corporation’s (HNPCL) 1,040 MW coal based power plant at Visakhapatnam which is currently in advanced stages of construction for commissioning in 2013.

Besides, STEAG Energy Services has also acquired five per cent stake in HNPCL through its subsidiary STEAG Energy Services GmbH and will have the option to invest in future power projects of Hinduja.

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