BHEL’s biggest foreign power project takes off in Bangladesh

The Maharatna enterprise has arranged debt financing for the project from the EXIM Bank of India

GN Bureau | April 25, 2017


#PSU   #Bangladesh   #BHEL   #maharatna  
Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer.
 
BHEL said that it won against stiff international competitive bidding. This is the largest power project order of BHEL in the international market. The order has been secured from Bangladesh India Friendship Power Company (Pvt.) Ltd (BIFPCL), a 50:50 joint venture company of NTPC, India and Bangladesh Power Development Board, Bangladesh.
 
The Maharatna enterprise has arranged debt financing for the project from the EXIM Bank of India for which the loan agreement between EXIM Bank of India and BIFPCL was signed in March, 2017.
 
BHEL said this order is a testimony to its proven technological acumen and also to its capability in executing power projects of this scale and complexity.
 
BHEL’s scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing & commissioning of 2x660 MW thermal sets with ultra-supercritical parameters on turnkey basis.
 
The enterprise has had a long association with Bangladesh’s power sector – the company’s first major project in the country was the 100 MW Baghabari Gas Turbine Power Project, commissioned in 2001. Subsequently, BHEL has constructed 2x120 MW Siddhirganj GTPP, besides setting up 220 kV Baghabari & Ishurdi substations. 
 

Comments

 

Other News

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter