BHEL bags USD 436 mn contract for power project in Yemen

BHEL on Monday said it has bagged an USD 436 million (approximately Rs 2,000 crore) contract for setting up a gas-based power project in Yemen.

"BHEL has received an order for a Gas Turbine-based power plant from Yemen. The USD 436-million contract is for the Marib Gas-Based Power Project (Phase II)," a company statement said.

The project is financed by the Arab Fund for Economic and Social Development, the Saudi Fund for Development and the Government of Yemen.

Yemen plans to add another 3,000 MW of installed capacity in the next 4-5 years, which will present an opportunity to BHEL to further expand its operations in this country.

So far, projects totalling to over 12,500 MW have been contracted from overseas market by BHEL.


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