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BHEL bags order for Australia

Our Bureau

NEW DELHI, July 2

BHARAT Heavy Electricals Ltd (BHEL) has achieved a major breakthrough in Australia by securing a export order for three gas turbine generating units.

The Rs 280-crore order has been placed on BHEL by a Australian subsidiary of the US-based AES Corporation for supply of three modern gas turbine generating units of 124 MW each for Golden Plains power project. Supplies for the project will be completed b y July 2002 in a `fast track' schedule.

This success in the overseas independent power plant (IPP) segment is part of the company's strategic action plan for sustained growth in its international business.

BHEL has been focusing on becoming a sourcing centre for MNCs for loose products and intermediaries, besides laying thrust on project exports. For expanding its reach and visibility in the international markets, the company is utilising major B2B portals in the energy sector, established by the global asset management companies.

This approach of using IT and IT-enabled services has paid rich dividends, by not only enhancing BHEL's reach but also facilitating finalisation of the contract within highly demanding deadlines.

Significantly, this is the second consecutive export order on BHEL for an independent power plant being developed by AES -- the largest IPP developer in the world. The first order was received last year for one gas turbine generating unit for their Kelan itissa project in Sri Lanka.