The Hindu Business Line : BHEL to get tech for 800-MW thermal sets from foreign co

BHARAT Heavy Electricals Ltd (BHEL) will be tying up with a foreign company for technology for 800-MW boiler and turbine. Till now the company has technology for up to 600 MW.

Informed sources said the company had been conducting final negotiations with Alstom and Siemens and would probably zero in on Alstom.

"BHEL is being geared to take up 800-MW supercritical thermal sets, for which the company would enter into a technical collaboration with a foreign company for boiler and turbine," the Minister for Heavy Industries and Public Sector Enterprises, Mr Santosh Mohan Dev, told newspersons here on Friday.

He declined to divulge the details on grounds of commercial interests about the foreign companies BHEL was negotiating with. He said "a formal decision to this effect will be taken by the BHEL board within the next few days and an announcement would be made shortly."

The Chairman and Managing Director of BHEL, Mr A.K. Puri, said once the technical collaboration with the foreign company was finalised, BHEL would start bidding for 660-MW and 800-MW power projects.

The company is augmenting its existing capacity for manufacturing equipment along with expanding the product range to manufacture 800-MW sets and plans to invest around Rs 1,000 crore over the next two-and-half years, Mr Puri said.

The company is also considering floating an independent subsidiary to look after its international operations. "Although we have a separate international division but setting up a subsidiary is not ruled out," Mr Puri said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page