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. 
 

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