Bharat Heavy Electricals Limited (BHEL) has bagged an export order worth INR100bn ($1.5bn) to set up the 1,320MW (2x660MW) Maitree Super Thermal Power Project in Bangladesh.
The latest contract, which was won through international bidding, is said to be BHEL’s largest power project order in the international market.
The order has been placed by Bangladesh India Friendship Power Company (Pvt) Limited (BIFPCL), an equal stake joint venture formed by India-based National Thermal Power Corporation (NTPC) and Bangladesh Power Development Board (BPDB).
BHEL has secured debt financing for the project from the EXIM Bank of India for which the loan agreement between EXIM Bank of India and BIFPCL has been inked in March, 2017.
Under the contract, BHEL will be responsible for the design, engineering, manufacture, supply, construction, erection, testing and commissioning of 2x660 MW thermal power sets with ultra-supercritical parameters on a turnkey basis. It also includes the set up of a jetty and a river-water intake system.
Additionally, BHEL shall install a FGD plant and Dry bottom ash handling system to meet stringent environmental norms.
BHEL said that the main equipment for the project will be manufactured at its Trichy, Haridwar, Hyderabad, Ranipet, Bhopal, Bangalore and Jhansi plants, whereas its Power Sector construction division will manage construction and installation activities at the site.