State-owned BHEL today said it has bagged a Rs 950 crore contract for supplying equipment for 1,020 MW hydel project in Bhutan.
"BHEL has secured a contract from Punatsangchhu Hydroelectric Project Authority (PHPA), Bhutan for the electro-mechanical equipment package for a 1,020MW (6x170 MW) Hydroelectric project in Bhutan," the company said in a statement.
"Valued at Rs 950 Crore, the order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for the 1,020 MW Punatsangchhu-II Hydroelectric project," it said.
BHEL is also executing the 1,200 MW Punatsangchhu-I project in Bhutan. It is being set-up under a bilateral agreement between India and Bhutan.
Located around 80 Km from Thimphu on the banks of the Punathsangchu River in Western Bhutan, the project is an environment friendly run-of-the-river scheme.
BHEL has, so far, executed three hydro projects -- 336 MW Chukha, 60 MW Kurichu and 1,020 MW Tala in Bhutan. These projects account for nearly 95 per cent of the total power generating capacity in Bhutan.
For this contract, the six turbines and generators of 170 MW each and associated equipment will be manufactured and supplied by BHEL's Bhopal facility while the Control system will be manufactured and supplied by the company's Electronic Division at Bangalore.
BHEL has established its footprints in six continents of the world spanning over 75 countries. This contract will further strengthen BHEL's presence in the overseas Hydro business segment, the company said.
Shares of BHEL were trading at Rs 219, up 0.69 per cent on the BSE.
