BNC Power Projects wins Rs 7.23 billion STATCOM package for Maharashtra grid
Contracts and scope
BNC Power Projects Limited has secured two turnkey engineering, procurement and construction contracts for static synchronous compensator (STATCOM) systems in Maharashtra through a consortium with Siemens Energy India Limited. The combined contract value is approximately Rs 7.23 billion, awarded by Maharashtra State Electricity Transmission Company Limited (MSETCL).
The awards cover installation of STATCOM equipment alongside associated 400 kV switchgear bays at specific substations. The first contract is valued at approximately Rs 3.94 billion and includes a ±300 MVAr STATCOM plus a 400 kV air-insulated switchgear bay for the 400 kV Lonikand-II substation in Pune.
A second contract is valued at approximately Rs 3.29 billion and includes a ±200 MVAr STATCOM plus a 400 kV outdoor gas-insulated switchgear bay for the 400 kV Dhule substation in the Nashik zone.
Why it matters to electrical balance-of-plant supply chains
While the work described is for transmission grid support rather than nuclear plant construction, it reflects demand for high-voltage power-system components and turnkey delivery of reactive power support equipment.
For supply-chain professionals focused on electrical balance-of-plant categories, these contracts touch on procurement and integration elements typically associated with large grid modernization projects, including STATCOM systems and 400 kV switchgear arrangements.