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New Delhi Feb. 3 BHEL has outbid Chinese power equipment major, Harbin Power Engineering, to secure its second turnkey power project in Bangladesh.

The order, worth Rs 505 crore, would be funded by Asian Development Bank (ADB) and would involve setting up two 100-120-MW gas turbine power plants at Sidhirganj, a BHEL release said.

The company was awarded the contract by Electricity Generation Company of Bangladesh (EGCB), a subsidiary of Bangladesh Power Development Board (BPDB).

BHEL had earlier completed another turnkey execution of a 100-MW gas turbine-based power plant for BPDB at Baghbari in Bangladesh. The company is executing another ADB-funded turnkey contract for Power Grid Company of Bangladesh for a 220-KV substation at Baghbari and extension of a similar substation at Ishurdi

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