India's largest Power Project exporter, Bharat Heavy Electricals Limited (BHEL) has achieved another milestone in the Middle East market with an export contract for 2 Gas Turbine Generating units of 42 MW each from the United Arab Emirates (UAE).
Valued at Rs.1,600 Million, the order for the Gas Turbine Generating units has been received from International Energy Resources (IER), UAE. These units will be mounted on barges for Mobile Power Plants and are planned to be used in different locations. With the rapidly increasing need of Power Plants on fast track basis, Independent Power Plant (IPP) developers are developing such Merchant Power Plants that require short gestation and offer mobility.
This is the company's second breakthrough in the UAE and comes close on the heels of a similar order for 2 Gas Turbine Generating units of 42 MW each, received from Al Ghail Power LLC, a company wholly owned by Ras Al Khaimah Investment Authority (RAKIA), Govt. of Ras Al Khaimah, one of the seven Emirates of the UAE.
BHEL will be supplying these two machines in a tight schedule by March, 2009 and July, 2009, respectively.
The Middle-East is one of BHEL's key export regions, where it has so far set up 14 power projects, apart from substations and supply of a host of equipment for the power and the oil and gas sectors. This second order for power generating equipment from UAE will further consolidate BHELs position in the Middle-East region, one of the fastest growing markets for power generating equipment globally.
