State-owned Bharat Heavy Electricals Ltd (Bhel) will develop power projects in Uganda and Nigeria as part of India’s plans to broaden economic engagement with African countries to secure access to oil and gas blocks in the continent.
Bhel has separately partnered with private sector companies—Hindustan Construction Co. Ltd (HCC) and Abir Infrastructure Pvt. Ltd —for developing the 700 megawatts (MW) Karuma hydropower project in Uganda at an investment of around $1.5 billion. The Karuma project is being developed by Uganda’s ministry of energy, with HCC and Abir Infrastructure’s consortium being separately short-listed for placing bids for the engineering, procurement and construction contract. Bhel plans to supply the electromechanical package for the project, which is valued at around Rs.1,500 crore. “We are not the concession partners but will be vendor to these private companies who have been pre-qualified,” said the Bhel executive.
Civil construction usually comprises 60% of the cost of a hydroelectric power plant and such a partnership would help Bhel share the project risk. Hydropower projects are more complex to build than thermal power plants and need specialized technology and design.
more at:
http://www.livemint.com/2011/10/13221639/Bhel-eyes-power-projects-worth.html?atype=tp
Thursday, October 13, 2011
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