CMI Energy and its Indian licensee, Larsen & Toubro (L&T) signed an agreement for extension of L&T's licence territory to manufacture and supply small Heat Recovery Steam Generators (HRSGs) installed behind gas turbines below 80 MW to South East Asia and the Middle East.
Under this agreement, L&T will have the exclusive rights to apply CMI technology in these markets for manufacturing and supplying single wide HRSGs installed behind gas turbines below 80 MW (ISO Rating).
It covers gas turbine models such as MS6001, LM 6000, SGT-800, LM2500 and GE frame 5 and 6.
This agreement was signed at L&T Knowledge City, Vadodara (India) by Pierre Melin, CMI Energy President, and Shailendra Roy, L&T Whole-time Director and Senior Executive Vice President (Corporate Affairs & Power).
Through the new signing, the two companies have agreed to extend their collaboration to a new segment: the development and supply of small size steam generators. These small HRSGs are typically modular design with higher prefabrication level.
L&T and CMI Energy will jointly develop/improve the existing CMI design to suit the client requirements in the extended territory. This will allow CMI and L&T to improve their competitiveness in the regions.
Over the past decade, the market for small HRSGs represents 24% share in terms of number of units sold worldwide.
This market is poised to grow by 3.5% per year over the next decade. CMI Energy and L&T intend to be key players in this market by attracting a minimum 10% market share.
CMI (Cockerill Maintenance & Inge'nierie) is an international Group specialized in Energy, Defence, Industry and Services to industry.
Larsen & Toubro is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.