SOURCE: AFI
Megha Engineering & Infrastructure Ltd (MEIL), a Hyderabad-based engineering giant, has emerged victorious in its bid to construct two new 700 MW electrical reactors at Kaiga in Karnataka. This win marks MEIL’s entry into the nuclear power sector and comes at a crucial time for India’s energy goals.
The contract, awarded by the state-run Nuclear Power Corporation of India Ltd (NPCIL), signifies a significant step towards India’s ambitious target of achieving 500 GW of non-fossil fuel energy capacity by 2030. Nuclear power plays a vital role in this strategy, offering a clean and reliable source of energy.
The tendering process for the Kaiga project began in May 2023, with technical bids opening in October. MEIL faced competition from established players in the Indian engineering sector, including Bharat Heavy Electricals Ltd (BHEL) and Larsen & Toubro (L&T). MEIL’s competitive bid, coupled with its proven expertise in large-scale infrastructure projects, likely played a key role in securing the contract.
The construction of these reactors will be a complex undertaking, requiring expertise in various engineering disciplines. MEIL’s experience in managing large infrastructure projects positions them well to handle this challenge. The successful completion of this project will add 1400 MW of clean energy to India’s power grid, significantly contributing to the nation’s clean energy goals.