GE Power India contract

GE Power India Wins Rs 240.4 Crore Contract from Blue Energy Nepal for 100MW Hydro Project

In a major milestone for India’s renewable energy sector, GE Power India has secured a significant contract worth Rs 240.4 crore (NPR 340 million) from Blue Energy in Nepal. This contract reinforces GE Power India’s leadership in the hydroelectric power space, setting the stage for a transformative project that will shape the future of Nepal’s energy infrastructure.

The Project: Powering Nepal with Hydro Energy

The contract focuses on the 100MW Super Trishuli Hydroelectric Power Plant (HPP) and includes a comprehensive range of services. GE Power India will handle the design, engineering, procurement, and supply of critical equipment, including turbines, governing systems, generators, and control and protection systems. From the factory floor to the project site, the company will ensure every aspect of this complex hydro project is meticulously managed.

With a timeline of 42 months, the Super Trishuli project represents a massive undertaking that will tap into Nepal’s rich hydroelectric potential, bringing clean, renewable energy to the region.

Why It Matters: A Boost for GE Vernova and Hydro Business

This contract also highlights the ongoing transition within GE Power India, particularly in its Hydro Business, which has been transferred to GE Vernova Hydro Power India as part of a business transfer agreement. This evolution underscores the company’s commitment to innovation and sustainability. The execution of this order will adhere to the provisions of the business transfer, marking a new chapter in the Hydro Business.

GE Power India: A Leader in Power Solutions

GE Power India has long been a trusted name in the energy sector. Its expertise spans engineering, manufacturing, and project management, making the company a powerhouse in delivering top-tier products and solutions for power plants. Whether it’s designing cutting-edge technology or servicing existing power plants, GE Power India is involved in every stage of the power plant lifecycle.

From coal to hydroelectric power, GE Power India’s ability to adapt to changing energy needs has positioned it as a leader in both traditional and renewable energy sectors. GE Power India contract, And this new contract with Blue Energy further solidifies the company’s standing in the global hydroelectric market.

A Strong Financial Turnaround

The good news doesn’t stop there. GE Power India has also shown remarkable financial resilience. In the fourth quarter of FY24, the company reported a consolidated net profit of Rs 25.94 crore, a stark contrast to the net loss of Rs 129.7 crore in Q4 FY23. With revenues rising 13.43% year-over-year to Rs 390.76 crore in Q4 FY24, GE Power India is demonstrating strong growth and a return to profitability.

What This Means for the Future of Renewable Energy

Hydroelectric power is one of the most efficient and sustainable sources of energy, and projects like the Super Trishuli HPP are crucial in the global push for cleaner energy solutions. For Nepal, this project will bring much-needed renewable energy to the region, reducing reliance on fossil fuels and supporting the country’s energy security.

Conclusion:

GE Power India’s contract with Blue Energy Nepal marks a significant step toward expanding renewable energy in South Asia. GE Power India contract, The 100MW Super Trishuli Hydro Power Plant project showcases GE Power India’s expertise in hydroelectric power, while also supporting Nepal’s energy transition. With this project, GE Power India continues to prove its capability to lead in both traditional and renewable energy sectors, all while delivering significant value to its shareholders through improved financial performance.

This contract is more than just another project—it’s a testament to the growing momentum in the global shift toward cleaner, sustainable energy solutions.