BHEL to set up 500mv plant in Sudan

By agencies   |   Tuesday, 24 January 2006, 08:00 Hrs
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NEW DELHI: In the second largest investment after ONGC Videsh Ltd’s $1 billion plans in Sudan, India signed an agreement with the African nation for a $350 million line of credit for setting up a 500 mw power project by Bharat Heavy Electricals Limited.

The total project cost $500 million, which will be shared by both countries. The Exim Bank of India giving a credit line of $350 million. In addition, the two countries also signed another loan agreement of $41.9 million for Singa-Gedarif transmission line and sub-station.

BHEL will set up the project on turnkey basis with crude oil-fired boilers. The contracts for equipments would be placed within a month, BHEL Chairman and Managing Director A K Puri said.

In order to meet the country’s fastest growing electricity needs, the Government of Sudan plans to expand the project to3,000 mw. This would open up more opportunities for BHEL, Sudan government officials said, adding they were keen that Indian companies set up manufacturing base there to tap the African and West Asian market.

After OVL’s investment in exploration blocks, this project would be the second largest investment by Indian companies in that country.

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