Germany-based Uniper and India Power Corporation Limited (IPCL) have agreed to establish a power plant services joint venture (JV).

Both Uniper and IPCL will each own a 50% stake in the JV, named India Uniper Power Services.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The newly formed company will provide a wide range of flexible and customised services to customers in the Indian power sector.

"The joint venture will combine strengths of strong partners with complementary scope and portfolio."

India Uniper Power Services will provide plant operations and maintenance, asset monitoring software, analytical tools, lifecycle extension, and the supply and integration of pollution control equipment and systems.

IPCL chairman Hemant Kanoria said: "The joint venture will combine strengths of strong partners with complementary scope and portfolio.

"Uniper's experience of owning and managing a portfolio of about 40GW in various countries will allow India Uniper Power Services to adopt best practices and make thermal power plants more competitive.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“IPCL's expertise and knowledge of the local market will help the company become a key player in the thermal generation sector and focus on improving the efficiency of power plants in India."

Uniper offers a broad range of services with a focus on power generation and global commodity trading, while IPCL is involved in power generation, distribution and power trading.

IPCL is setting up a 450MW coal based power plant at Haldia, which is expected to be commissioned later this year.