Bharat Heavy Electricals wins $1 Bn contracts

Wednesday, 28 November 2007, 05:08 Hrs
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New Delhi: State-owned power equipment maker Bharat Heavy Electricals (BHEL) will supply equipment worth 1 billion to power utility major NTPC's projects in Assam and Maharashtra.

NTPC's board of directors granted both the contracts to BHEL at agreed prices during their meeting Monday, a well-placed source in NTPC told IANS.

"BHEL emerged as the single bidder for both the projects in the international competitive tendering held earlier."

The company will supply main plant packages for NTPC's 750-MW Bongaigaon plant in Assam and 1,000-MW Mauda plant in Maharashtra.

Bongaigaon will be NTPC's first power plant in Assam, expected to be commissioned by 2011. The Mauda power plant is also expected to be operational at around the same time.

NTPC expects to add 22,350 MW of generation capacity during the 11th five-year plan (2007-11). Of this, the central utility would generate as much as 17,830 MW from coal-based power plants.

($1= Rs 40)
Source: IANS
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