BHEL bags Rs 200-cr Vietnam contract
State-owned Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has bagged an order worth Rs 200 crore for a hydro-electric power project in Vietnam.The contract, which marks the equipment manufacturer’s entry into the Vietnamese market, was awarded by State-owned Nam Chien Hydropower, BHEL said in a press release.
The project is located in Muong La, 350 kilometres north of Hanoi and is slated to be completed by end-2010.
“This success opens a huge market potential for BHEL not only in the hydro segment but also in the thermal and gas based power plants segments in Vietnam, which will witness huge capacity additions in the future,” the statement said.
Under the contract, BHEL would be responsible for the design, engineering, manufacture, supply and supervision of installation as well as commissioning of electro-mechanical equipment.
Major equipment to be supplied for the project include hydro turbines, generators, transformers, controls, monitoring and protection system and switchgear. The project is being funded by a line-of-credit from the Government of India to Vietnam.
Source: Business Line Dated 05-Aug-2008
Futures and Options Tips, Indian Market News, Market Gossip, news