BHEL outbids 2nd power project in Bangladesh for Rs 505cr

New Delhi, Feb 1 (UNI) The public sector Bharat Heavy Electricals Limited (BHEL) today won its second power project contract in Bangladesh, wresting it from Chinese power equipment major - Harbin Power Engineering - in an intensely competitive global tender.

According to a company statement, the order is valued at Rs 505 crore, the Asian Development Bank (ADB) funded contract has been placed on BHEL by the Electricity Generation Company of Bangladesh (EGCB) for setting up on turnkey basis, a 2x100-120 Mega Watts (MW) Gas Turbine Power Plant at Sidhirganj in Bangladesh.

EGCB is an enterprise of the Bangladesh Power Development Board (BPDB).

BHEL is targeting more projects in this region, as it perceives Bangladesh as an important potential market. The company has earlier successfully completed the turnkey execution of a 100 MW Gas Turbine based power plant for BPDB at Baghabari in Bangladesh and is operating successfully since its commission.

The company is also executing a contract with the Power Grid Company of Bangladesh for setting up on turnkey basis, a 220 KV substation at Baghabari and extension of a 220 KV Substation at Ishurdi. Secured against stiff competition from Chinese, Malaysian and Indian companies, this project is also funded by ADB.

BHEL has established its references in over 65 countries in all the six inhabited continents of the world and its technical competence has earned worldwide acclaim.

Spurred by its consistent track record, the company is now positioning itself as a regular EPC contractor in global markets and also pursuing various opportunities with a view to further enhancing its international operations.

The company has carved a niche in the large size gas turbine segment (124 MW and 159 MW ISO rating) in overseas markets. Such large size BHEL-supplied gas turbines, have been installed at power projects in Oman, Iraq, Libya, Italy, Vietnam, Sri Lanka and China, besides Bangladesh.

BHEL is today placed among the world's leading gas turbine manufacturers possessing all-round engineering and technological capabilities for the manufacture of such intricate technology driven equipment.

In fiscal 2005-06, BHEL booked its highest-ever physical export orders of Rs 3,348 crore - a five-fold increase over the previous year. The trend is continuing in the current year also and BHEL has already achieved major successes with a series of orders from Oman, France, Afghanistan, Bangladesh, Ethiopia, Egypt, Sudan, Sweden and Italy.

UNI