BHEL awarded Rs2080-crore Syrian power contract
30 June 2008
Public sector engineering major Bharat Heavy Electricals Limited has achieved one of its biggest breakthroughs so far in international business by winning a turnkey contract for setting up a 400 MW thermal power project in Syria.
With this order for Tishreen thermal power plant extension 2x200 MW, the company has also made its maiden entry in the Syrian power sector. The order has been placed on BHEL by 'public establishment of electricity for generation and transmission' of the ministry of electricity, Syria.
Valued at over Rs2,080 crore, this is the highest value single order secured by BHEL in overseas markets as also the first-ever overseas order for a large size steam turbine power plant.
"This benchmark reference will now open up new overseas market segment for large size thermal sets, BHEL said ina statement.
BHELs scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of Main Plant Equipment with associated Auxiliaries, Balance of Plant and Electricals, besides state of the art Controls and Instrumentation CandI and civil works. The project will be executed by the company in a tight schedule of 33 months.
Riding high on its dominant domestic position, BHEL is taking long strides to become a major global player by enhancing its presence in international markets. It has identified overseas business as one of its thrust areas as part of its Strategic Plan 2012. The company is targeting a six-fold increase in its physical exports by 2012.
BHEL has established its footprints in all the six continents of the world spanning 70 countries and its technical competence has earned worldwide acclaim. Further stimulation in the growth of BHELs international business will be achieved through consolidation in existing markets, widening the export base through expansion of its existing basket of products and services, and by entering new markets, with EPC business being the key driver of its exponential growth plans.