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KEC International forms JV with Power Engineers

Tuesday, 05 Feb 2008
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KEC International along with north American engineering company Power Engineers has formed a 50:50 joint venture company - KEC Power.

Power Engineers will provide technical assistance to KEC's new projects, while KEC International will supply towers. KEC will bid for transmission EPC business for power transmission projects in the North American market through KEC Power.

Recently, KEC had also announced that, its group companies RPG Transmission & National Information Technologies (NITEL) have merged into KEC International. Also, its investment division will be de-merged into a new company, which will be listed on the exchange. The merger will result in KEC becoming the largest transmission company globally with total tower manufacturing capacity of 161,000 tpa. RPGT has a surplus capacity of about 15,000 tpa, which will be utilized by KEC for its requirements in the international markets.

Also, KEC will be able to bring down overall costs and the merger will help the company to operate in various verticals such as telecom, railways-related businesses, power transmission and rural electrification.

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