China’s Sinohydro Corp. has rejected Bharat Heavy Electricals Ltd’s (Bhel’s) request to be the supplier of the electromechanical package order for the 120 megawatts (MW) Itezhi Tezhi hydropower project in Zambia.
This is a double blow for the Indian government, which had offered a $50 million credit line for part-funding of the project under the assumption that the contract for the engineering, procurement and construction (EPC) would go to Bhel. Not only did this not happen, the Chinese firm has rejected Bhel’s request to be included as a supplier.
A miffed Bhel executive, who did not want to be named, said: “The electromechanical package order has gone to Alstom India, which is not even qualified to quote as per the terms of line of credit.”
more at:
http://www.livemint.com/2011/08/22223706/Sinohydro-rejects-Bhel-prefer.html?atype=tp
Monday, August 22, 2011
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