Bharat Heavy Electricals on Friday said it has bagged a Rs 5,040 crore contract from Jindal Power for setting up 2,400 MW power plant in Chhatisgarh.
BHEL would install four units of 600 MW each in this O P Jindal super thermal power plant at Raigarh in Chhatisgarh.
BHEL's scope of work in the contract includes designs, engineering, manufacture, supply and erection of boilers, turbines, generators and associated auxilliary.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_bags_Rs_5040_cr_contract_/articleshow/3897520.cms
Sunday, December 28, 2008
Monday, December 22, 2008
BHEL bags Rs 1,175-cr order for 500Mw plant in MP
Bharat Heavy Electricals today said it has bagged a Rs 1,175- cr contract for setting up a 500 Mw thermal power plant at Bina in Madhya Pradesh.
"BHEL has bagged an order worth Rs 1,175 cr for setting up a 500 Mw thermal power plant in Madhya Pradesh," a company statement said.
The order has been placed by Jaypee Group company Bina Power Company Ltd. BHEL would install two units of 250 Mw each for the project which is slated for synchronization during the 11th-Plan Period (2007-12).
The company plans to invest Rs 4,200 crto enhance its capacity from 10,000 Mw to 15,000 Mw in two years.
BHEL's scope of work includes design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, turbines and associated auxiliaries.
BHEL also plans to invest about Rs 10,000 cr for new ventures in the coming years. For achieving this target, its production units at Tiruchirappaly, Bhopal, Haridwar, Jhansi and Hyderabad are in the process of modernisation and expansion.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-1175-cr-order-for-500mw-plant-in-mp/14/46/51614/on
"BHEL has bagged an order worth Rs 1,175 cr for setting up a 500 Mw thermal power plant in Madhya Pradesh," a company statement said.
The order has been placed by Jaypee Group company Bina Power Company Ltd. BHEL would install two units of 250 Mw each for the project which is slated for synchronization during the 11th-Plan Period (2007-12).
The company plans to invest Rs 4,200 crto enhance its capacity from 10,000 Mw to 15,000 Mw in two years.
BHEL's scope of work includes design, engineering, manufacturing, supply, erection, testing and commissioning of boilers, turbines and associated auxiliaries.
BHEL also plans to invest about Rs 10,000 cr for new ventures in the coming years. For achieving this target, its production units at Tiruchirappaly, Bhopal, Haridwar, Jhansi and Hyderabad are in the process of modernisation and expansion.
ref:
http://www.business-standard.com/india/news/bhel-bags-rs-1175-cr-order-for-500mw-plant-in-mp/14/46/51614/on
Sunday, December 21, 2008
Work to begin on 21 N-plants in 3 years
India plans to add 21 new atomic power plants in the country and work on these plants is expected to take off during the ongoing Eleventh Plan period (2007-12). These plants would be based on indigenous and foreign technology, highly placed government sources said.
Together these power plants are expected to add almost 16,900 mega watts (MW) of nuclear energy. At present six nuclear power stations have 17 nuclear power reactors with a total installed capacity of 4,120 MW.
The total cost of commissioning these power plants is yet to be evaluated, according to an official, who did not wish to be identified as he was not authorised to speak to the media.
Of the 21 new plants, eight — with an installed capacity of 700 MW each — would be based on pressurised heavy water technology. One would be of 300 MW based on advance heavy water technology, and 10 plants of 1,000 MW each would be light water reactors. Pre-projects feasibility studies are on for two power plants based on fast breeder reactors as well, the official said.
The government is conducting pre-feasibility studies in Nigeria, Namibia and Tajikistan to source uranium, while Rs 1,000 crore is being spent for development of uranium mines in Andhra to make fuel available for these reactors.
State-owned BHEL is in the process of forming a joint venture with Nuclear Power Corp. of India Ltd. for carrying out engineering, procurement and construction of conventional nuclear power plants.
US-based Thorium Power and private sector infrastructure firm Punj Lloyd signed a pioneering joint venture agreement to set up thorium-based nuclear power plants in the private sector.
ref:
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=0e3627d7-5f0c-4e46-9bfe-cf2bc2f76d89&MatchID1=4856&TeamID1=6&TeamID2=2&MatchType1=1&SeriesID1=1223&PrimaryID=4856&Headline=Work+to+begin+on+21+N-plants+in+3+years
Together these power plants are expected to add almost 16,900 mega watts (MW) of nuclear energy. At present six nuclear power stations have 17 nuclear power reactors with a total installed capacity of 4,120 MW.
The total cost of commissioning these power plants is yet to be evaluated, according to an official, who did not wish to be identified as he was not authorised to speak to the media.
Of the 21 new plants, eight — with an installed capacity of 700 MW each — would be based on pressurised heavy water technology. One would be of 300 MW based on advance heavy water technology, and 10 plants of 1,000 MW each would be light water reactors. Pre-projects feasibility studies are on for two power plants based on fast breeder reactors as well, the official said.
The government is conducting pre-feasibility studies in Nigeria, Namibia and Tajikistan to source uranium, while Rs 1,000 crore is being spent for development of uranium mines in Andhra to make fuel available for these reactors.
State-owned BHEL is in the process of forming a joint venture with Nuclear Power Corp. of India Ltd. for carrying out engineering, procurement and construction of conventional nuclear power plants.
US-based Thorium Power and private sector infrastructure firm Punj Lloyd signed a pioneering joint venture agreement to set up thorium-based nuclear power plants in the private sector.
ref:
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=0e3627d7-5f0c-4e46-9bfe-cf2bc2f76d89&MatchID1=4856&TeamID1=6&TeamID2=2&MatchType1=1&SeriesID1=1223&PrimaryID=4856&Headline=Work+to+begin+on+21+N-plants+in+3+years
Saturday, December 20, 2008
Govt gets loyal MP to divert orders to Bhel
Unusual times call for unusual measures. At a time when economic recession is deepening, the government has leaned on a private sector
biggie to divert a major supply order that had appeared headed for China to the public sector.
Sources said that at the Centre's behest, the steel-to-power conglomerate led by Congress lawmaker Naveen Jindal has agreed to order from BHEL instead of from the Chinese manufacturers the group preferred. The first order worth Rs 10,000 crore for equipment to generate 2,400 mw is to be placed shortly, and there is scope for another Rs 15,000 crore worth orders for 2,580-3,200 mw.
On record though, officials denied any pressure and said these were "purely commercial decisions taken by independent corporates". Asked about the issue, minister of state for power Jairam Ramesh told TOI, "The government's not there for commercial discussions or decisions. Our (government's) job is to first facilitate and then felicitate (growth in generation capacity)."
But sources said that it required more than a nudge to get the Jindal group to recast its shopping list. On his part, Jindal confirmed ordering equipment for "about" Rs 10,000 crore from BHEL but declined to comment further. "Let's focus on what has been finalised... there's no point in talking prematurely about whether this will happen or that. When something happens, we'll let you know," he told TOI on Thursday.
Domestic manufacturers such as BHEL have steadily lost out as Chinese manufacturers have emerged as preferred suppliers for power projects in recent times. Along with the rise in their popularity, questions over their quality and reliability have also arisen in various qurters of the government, including the Central Electricity Authority.
More at:
http://timesofindia.indiatimes.com/Govt_gets_loyal_MP_to_divert_orders_to_Bhel/articleshow/3859906.cms
biggie to divert a major supply order that had appeared headed for China to the public sector.
Sources said that at the Centre's behest, the steel-to-power conglomerate led by Congress lawmaker Naveen Jindal has agreed to order from BHEL instead of from the Chinese manufacturers the group preferred. The first order worth Rs 10,000 crore for equipment to generate 2,400 mw is to be placed shortly, and there is scope for another Rs 15,000 crore worth orders for 2,580-3,200 mw.
On record though, officials denied any pressure and said these were "purely commercial decisions taken by independent corporates". Asked about the issue, minister of state for power Jairam Ramesh told TOI, "The government's not there for commercial discussions or decisions. Our (government's) job is to first facilitate and then felicitate (growth in generation capacity)."
But sources said that it required more than a nudge to get the Jindal group to recast its shopping list. On his part, Jindal confirmed ordering equipment for "about" Rs 10,000 crore from BHEL but declined to comment further. "Let's focus on what has been finalised... there's no point in talking prematurely about whether this will happen or that. When something happens, we'll let you know," he told TOI on Thursday.
Domestic manufacturers such as BHEL have steadily lost out as Chinese manufacturers have emerged as preferred suppliers for power projects in recent times. Along with the rise in their popularity, questions over their quality and reliability have also arisen in various qurters of the government, including the Central Electricity Authority.
More at:
http://timesofindia.indiatimes.com/Govt_gets_loyal_MP_to_divert_orders_to_Bhel/articleshow/3859906.cms
Wednesday, December 17, 2008
NTPC-Bhel JV defers equity dilution
NTPC Bhel Power Projects Ltd, the equal joint venture between power utility NTPC Ltd and power equipment maker Bharat Heavy Electricals Ltd (Bhel), has deferred its plan to divest 50% equity due to adverse market conditions and lack of revenue visibility.
K Ravi Kumar, chairman and managing director, Bhel, said the plan to dilute equity has been put off by three years, till the company starts getting orders for the manufacture and supply of power equipment.
The government wanted to sell stake in the joint venture of the two state-owned firms to give it full flexibility to work as a private company. NTPC Bhel had plans to start with orders for engineering, procurement and construction works and ancillary power plant equipment. But it will now wait for a steady revenue stream, which will come in three years when it starts booking orders for the manufacture and supply of main power equipment too.
“Only then we will get a premium on the equity to be sold,” Kumar said. He added that market conditions are likely to improve by then and the company will get good valuation.
Market valuations of companies across the world have fallen due to the economic turmoil. India has to increase power generation equipment capacity to support the planned hike in electricity generation capacity.
Bhel, the country’s largest power equipment maker, has the annual capacity to make equipment to generate 10,000 megawatt (mw) of electricity. It plans to increase this capacity to generate 15,000 mw 2009-end, and 20,000 mw by 2011-end.
India is looking to add 79,000 mw of electricity generation capacity in the current Five-Year Plan, which ends in March 2012. In the Twelfth Five-Year Plan, it hopes to add another 84,000 mw.
a_shaleen@dnaindia.net
ref:
http://www.dnaindia.com/report.asp?newsid=1214607
K Ravi Kumar, chairman and managing director, Bhel, said the plan to dilute equity has been put off by three years, till the company starts getting orders for the manufacture and supply of power equipment.
The government wanted to sell stake in the joint venture of the two state-owned firms to give it full flexibility to work as a private company. NTPC Bhel had plans to start with orders for engineering, procurement and construction works and ancillary power plant equipment. But it will now wait for a steady revenue stream, which will come in three years when it starts booking orders for the manufacture and supply of main power equipment too.
“Only then we will get a premium on the equity to be sold,” Kumar said. He added that market conditions are likely to improve by then and the company will get good valuation.
Market valuations of companies across the world have fallen due to the economic turmoil. India has to increase power generation equipment capacity to support the planned hike in electricity generation capacity.
Bhel, the country’s largest power equipment maker, has the annual capacity to make equipment to generate 10,000 megawatt (mw) of electricity. It plans to increase this capacity to generate 15,000 mw 2009-end, and 20,000 mw by 2011-end.
India is looking to add 79,000 mw of electricity generation capacity in the current Five-Year Plan, which ends in March 2012. In the Twelfth Five-Year Plan, it hopes to add another 84,000 mw.
a_shaleen@dnaindia.net
ref:
http://www.dnaindia.com/report.asp?newsid=1214607
BHEL, NTPC sign ‘Integrity Pact’ with Transparency International
Bharat Heavy Electricals Limited (BHEL) and National Thermal Power Corporation (NTPC) on Tuesday inked an ‘Integrity Pact’ with Transparency International Limited (TIL) and the Central Vigilance Commission (CVC) to ensure complete transparency in major contracts, tenders and procurements.
Terming contracts, tenders and procurement as a major source of corruption and political lobbying, Minister of State for Power Jairam Ramesh, who made this happen, said BHEL and NTPC had become the first power sector PSUs to sign such a pact indicating their resolve to deal with the menace of corruption. Complimenting the efforts of Transparency International and the CVC, the Minister said all the private companies, which were into public-private participation projects with PSU funding, should also be asked to enter into the Integrity Pact.
BHEL Chairman and Managing Director K. Ravi Kumar and NTPC Chairman and Managing Diriector R. S. Sharma signed the pacts on behalf of their companies, while TIL was represented by its Chairman, Admiral (Retd) R. H. Tahiliani.
The Integrity Pact model is being followed by corporates worldwide as it binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The CVC has recommended adoption of this pact in respect of all major procurements.
Mr. Ravi Kumar said BHEL was committed to fostering the most ethical and corruption-free business environment and valued its relationships with bidders, contractors and vendors.
ref:
http://www.hindu.com/2008/12/17/stories/2008121757011700.htm
Terming contracts, tenders and procurement as a major source of corruption and political lobbying, Minister of State for Power Jairam Ramesh, who made this happen, said BHEL and NTPC had become the first power sector PSUs to sign such a pact indicating their resolve to deal with the menace of corruption. Complimenting the efforts of Transparency International and the CVC, the Minister said all the private companies, which were into public-private participation projects with PSU funding, should also be asked to enter into the Integrity Pact.
BHEL Chairman and Managing Director K. Ravi Kumar and NTPC Chairman and Managing Diriector R. S. Sharma signed the pacts on behalf of their companies, while TIL was represented by its Chairman, Admiral (Retd) R. H. Tahiliani.
The Integrity Pact model is being followed by corporates worldwide as it binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The CVC has recommended adoption of this pact in respect of all major procurements.
Mr. Ravi Kumar said BHEL was committed to fostering the most ethical and corruption-free business environment and valued its relationships with bidders, contractors and vendors.
ref:
http://www.hindu.com/2008/12/17/stories/2008121757011700.htm
Tuesday, December 16, 2008
BHEL, Jindal Power in talks for boiler supply
Bharat Heavy Electricals (BHEL) is in talks with Jindal Power to supply super-critical boilers and turbines, Minister of State for Power Jairam Ramesh said in New Delhi on Tuesday.
Ramesh, however, refused to divulge details, saying: "It's certainly a big deal."
BHEL, along with National Thermal Power Corp (NTPC), India's largest power utility, also signed an agreement Tuesday with Transparency International India (TII) for adopting an integrity pact model that binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The Central Vigilance Commission (CVC) has recommended the adoption of this model for all major procurements.
ref:
http://www.hindu.com/thehindu/holnus/006200812162112.htm
Ramesh, however, refused to divulge details, saying: "It's certainly a big deal."
BHEL, along with National Thermal Power Corp (NTPC), India's largest power utility, also signed an agreement Tuesday with Transparency International India (TII) for adopting an integrity pact model that binds a company and its suppliers to ethical conduct in contracts and implementation of projects.
The Central Vigilance Commission (CVC) has recommended the adoption of this model for all major procurements.
ref:
http://www.hindu.com/thehindu/holnus/006200812162112.htm
Tuesday, December 9, 2008
BHEL scouts for tech alliances
BHEL is scouting for technology partners to meet its growing requirements of heavy forgings. In the absence of an Indian supplier in the
field, the PSU is sourcing it from Saarschmide in Germany and from Italy and Japan. “We are expanding capacity and looking for technology partners. No one makes such heavy forgings in India,” BHEL director (HR) Anil Sachdev told reporters on Friday. Though BHEL is procuring large orders on EPC basis, there are delays in the supply by vendors. It is now looking for new vendors.
Globally, power sector has attracted substantial investments and this has created problems in supply chain logistics, Mr Sachdev said. But hectic civil work is apace at all its plants. BHEL has been recruiting engineers and supervisors.
“Delays in projects due to capacity constraints are history. Now, we do not see any delays, particularly in boiler turbine generators,” he added.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_scouts_for_tech_alliances/articleshow/3805896.cms
field, the PSU is sourcing it from Saarschmide in Germany and from Italy and Japan. “We are expanding capacity and looking for technology partners. No one makes such heavy forgings in India,” BHEL director (HR) Anil Sachdev told reporters on Friday. Though BHEL is procuring large orders on EPC basis, there are delays in the supply by vendors. It is now looking for new vendors.
Globally, power sector has attracted substantial investments and this has created problems in supply chain logistics, Mr Sachdev said. But hectic civil work is apace at all its plants. BHEL has been recruiting engineers and supervisors.
“Delays in projects due to capacity constraints are history. Now, we do not see any delays, particularly in boiler turbine generators,” he added.
ref:
http://economictimes.indiatimes.com/News_by_Industry/BHEL_scouts_for_tech_alliances/articleshow/3805896.cms
Saturday, December 6, 2008
BHEL bags order from Oman for gas turbines
Bharat Heavy Electricals Ltd (BHEL) has bagged an order from Oman for supplying 126 MW gas turbine generator packages. The value of business is expected to be of the order of Rs 2,000 crore, spread over the next 6-7 years.
L&T, BHEL add short positions
“BHEL has won a contract for supply of 126 MW gas turbine generator packages from Oman,” a company statement said.
The rate contract includes supplying and supervision of erection and commissioning of several 126 MW units for various power projects planned by Petroleum Development Oman (PDO). This rate contract will initially be valid for six years with a provision for further extension by another three years with mutual agreement, during which PDO can buy additional units from BHEL, the company said.
BHEL, Toshiba may tie up for transmission projects
BHEL had executed four engineering procurement and construction (EPC) projects for PDO earlier.
ref:
http://sify.com/finance/fullstory.php?id=14813086
L&T, BHEL add short positions
“BHEL has won a contract for supply of 126 MW gas turbine generator packages from Oman,” a company statement said.
The rate contract includes supplying and supervision of erection and commissioning of several 126 MW units for various power projects planned by Petroleum Development Oman (PDO). This rate contract will initially be valid for six years with a provision for further extension by another three years with mutual agreement, during which PDO can buy additional units from BHEL, the company said.
BHEL, Toshiba may tie up for transmission projects
BHEL had executed four engineering procurement and construction (EPC) projects for PDO earlier.
ref:
http://sify.com/finance/fullstory.php?id=14813086
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