|BHEL CMD BP Rao|
BOOSTING its global reach, state-owned power equipment maker BHEL has signed a Memorandum of Understanding (MoU) with a Russian company INTMA, to set up a gas-based power project in Kazakhstan.
The MoU will further help BHEL in...consolidating its presence in the CIS countries, the company said.
"The two parties will endeavour to assist each other in the implementation of this MoU. For us, this is a great opportunity to expand our footprint in the CIS region," BHEL chairman and managing director director BP Rao said.
Engaged primarily in manufacturing of power plant equipment like gas turbines, steam turbines, hydro turbines and boilers, BHEL has robust experience in construction of power plants in India and overseas, it said.
The Maharatna PSU is currently executing 23 major projects in 16 countries and has a presence in more than 75 countries.
INTMA is one of the leading general Engineering Procurement and Construction contractors (EPC) in Russia and Kazakhstan, with wide experience in industrial construction, renovation of facilities, automation and other energy related sectors, BHEL added.
The MoU, the company said in a press release, aims to set forth a path to combine the BHEL's competence in design and manufacturing of power plants and INTMA's strength in handling EPC contracts so as to bid and execute projects of mutual interest in Russia and Kazakhstan.
The PSU major has been on an expansion drive and today has references in over seventy six countries in six continents.
BHEL’s global reference include the entire gamut of BHEL’s products and systems such as power plants (thermal, gas and hydro), turbines, generators, sub-stations, transformers, motors, photo voltaic modules, to name a few.
With 20,000 MW per annum capacity for power plant equipment manufacturing, BHEL's mammoth size of operations is evident from its widespread network of 17 manufacturing units and eight overseas offices, six joint ventures. The PSU has 57 percent share in India's total installed capacity and 65 percent share in the country's total generation from thermal utility sets (coal based) as of March 31, 2014.