Bharat Heavy Electricals Ltd (Bhel) wants to supply electromechanical equipment to China’s Sinohydro Corp. for a 120 megawatts (MW) hydropower project in Zambia for which India has offered a $50 million (Rs222 crore today) line of credit.
“Since this project is part funded by the government of India and we are a government of India enterprise meeting all criteria for award of any order under the government line of credit, we would like to be considered for this supply,” Bhel said in an email to Sinohydro on 15 June. Mint has reviewed the email.
“We had written to the ministry of external affairs about the Zambian project going to the Chinese firm...we have approached Sinohydro to supply electromechanical equipment for the project valued at $50 million a month back,” said a Bhel executive, asking not to be named.
“We are still pursuing the issue with Sinohydro,” said another Bhel executive, requesting anonymity.
more at:
http://www.livemint.com/2011/07/21221720/Bhel-seeks-to-join-Chinese-fir.html?h=B
Friday, July 22, 2011
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