*Evonik Energy Services GmbH,* looking to invest in upcoming private power projects in India, through its subsidiary.
*Evonik Energy Services India *would be interested in picking up stakes in projects where the company has an O & M (operation and maintenance) contract. Evonik Energy recently signed O&M multi-year contracts with *Vedanta Resources *for it's 2,400 MW plant in Orissa. Under the agreement *Sterlite *would pay about $44mn (Rs.200 crore) every year to Evonik for a period of seven years. The systems include a simulator for training operational staff and online optimisation and diagnostic systems .Evonik will also install its plant management system and fault prediction systems. Transaction Note It also has a O&M contract with Haldia Petrochemicals for its co-generation unit. Evonik operates its own coal-fired power plants at eight sites in Germany and refinery power plants at two locations. Internationally, the company's operations include coal-fired power stations in Columbia, Turkey and the Philippines. The total installed power is around 9,400 MW worldwide, including around 7,700 MW in Germany. Apart from O&M, Evonik also provides design, engineering, construction and remodeling and upgradation services for fossil fuel power plants. The German group is known for its speciality chemicals and also operates a realty business. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
