BHEL continues winning streak in UAE; Wins another order for Two Gas Turbine Generating Units for barge mounted Power Plants

Further accelerating the growth momentum in its international business, India's largest Power Project exporter, Bharat Heavy Electricals Limited (BHEL) has achieved yet another milestone 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.1,400 Million, the order has been received from International Energy Resources (IER), UAE. These units will be mounted on barges for Mobile Power Plants and are planned to be used in different locations. With the rapidly increasing need of Power Plants on fast track basis, Independent Power Plant (IPP) developers are developing such Merchant Power Plants that require short gestation and offer mobility.

Significantly, this is the company's third breakthrough in the UAE and comes close on the heels of a similar order for 2 Gas Turbine Generating units of 42 MW each from the same customer. The order reflects the customers confidence in BHELs capabilities and proven technological excellence. With this, BHEL has been able to secure orders for six Gas Turbine Generating units from UAE with a cumulative value of Rs.4,500 Million in a short span of just 11 months.

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 and gas sectors. This repeat 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.

BHEL has established its footprints in all the six continents of the world spanning 70 countries and its technical competence has earned worldwide acclaim. The company is taking major 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' and is targeting a six fold increase in its physical exports by 2012.

In fact, BHEL's globalisation strategy is already yielding rich dividends and the company won export orders from 26 countries in fiscal 2007-08. With a physical export order inflow of Rs.23,110 Million, the year marked significant steps towards globalisation with successful forays in new markets and new product areas. The trend is continuing in the current year also and BHEL has already achieved major successes with a series of orders for power projects from Syria, Vietnam and Rwanda, besides UAE.

Further stimulation in the growth of BHEL's international business will be achieved through consolidation in existing markets, widening the export base through expansion of its existing basket of products and services, and by entering new markets, with EPC business being the key driver of its exponential growth plans. Significantly, for outstanding export performance, BHEL has won the Engineering Export Promotion Council's Top Export Award for the eighteenth year in succession.