BHEL achieves breakthrough in UAE with order for two Gas Turbine Generating Units

India’s largest Power Project exporter, Bharat Heavy Electricals Limited (BHEL) has achieved another breakthrough in the Middle-East market with a prestigious export contract for 2 Gas Turbine Generating units of 42 MW each from the United Arab Emirates (UAE).

Valued at Rs.1,500 Million, the order has been received from Al Ghail Power LLC, a company wholly owned by Ras Al Khaimah Investment Authority (RAKIA), Govt. of Ras Al Khaimah. Ras Al Khaimah is one of the seven Emirates of the UAE, located around 70 km North of Dubai and is fast emerging as one of the most attractive destinations for Foreign Direct Investment.

The Middle-East is one of BHEL’s key export regions, where it has so far set up 14 power projects, apart from substations and supply of a host of equipment for the power and the oil & gas sectors. This maiden order for power generating equipment from UAE will further consolidate BHEL’s position in the Middle-East region - one of the fastest growing markets for power generating equipment globally. In fact, last year BHEL commissioned the 600 MW Western Mountain Power Project in Libya, the highest capacity power project executed by BHEL outside India.

Riding high on its dominant domestic position, BHEL is taking long strides to become a major global player by enhancing its presence in international markets. It has identified overseas business as one of its thrust areas as part of its ‘Strategic Plan 2012’. The company is targeting a six-fold increase in its physical exports from the current levels by 2012.

The high growth momentum gained by the company in international business in the past two years is poised to further stimulate growth in its export business by consolidation in existing markets and widening its export base through expansion of its existing basket of products and services and by entering new markets in the current fiscal and future. BHEL has during the year already achieved major successes in overseas markets including; Captive power project in Indonesia, Rehabilitation Project in Libya, entry into a host of new market segments like Motors from Kuwait and UAE, Well heads from Myanmar and Soot Blowers in Australia besides orders for Transmission equipment from Greece.

Over the years, BHEL has established its footprints in all the six inhabited continents of the world - spanning around 70 countries and its technical competence has earned worldwide acclaim. Recognizing its outstanding export performance, BHEL has been awarded the coveted EEPC Award for the 17th year in succession.