HCC signs agreements with VINCI affiliates

The engineering construction major Hindustan Construction Company Ltd. (HCC) signed a Cooperation Agreement with VINCI Construction Grands Projets (VCGP), the large scale infrastructure construction arm of VINCI, working worldwide, to work on identified power, water, transportation and infrastructure projects in India, as well as in other countries.
 
The proposed nuclear reactor 2×1650 MW EPR of Areva, France at Jaitapur in Ratnagiri district of Maharashtra, is a targeted joint project under the Cooperation Agreement where the two companies will collaborate to participate in the construction of the project in a value added approach. It is quite significant that the agreements were signed at Indo-French CEO Forum during French President Sarkozy’s visit to India.
 
According to the information released by HCC, the Company has built over 50% of India’s installed nuclear capacity. VCGP is already engaged in the development of EPR programme with Areva France, as in China for instance. HCC believes that this association will further strengthen its capabilities to execute the engineering and construction of nuclear power plants with value added knowledge support from VCGP. The Cooperation Agreement shall also focus on similar infrastructure opportunities, especially in water and power sectors, in SAARC countries.
 
HCC’s wholly owned infrastructure development subsidiary, HCC Concessions Ltd. has also signed partnership agreements with VINCI Concessions SAS, one of Europe’s largest operators of transport infrastructure concessions, to partner on selected Public Private Partnership (PPP) projects in India to develop, operate and maintain some large infrastructure assets. The two companies are currently working together on the first $1 billion “Mega” highways project involving the six-laning of Kishangarh-Udaipur-Ahmedabad. 

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