BHEL Bagged Contract from Yemen for Gas-based Power Project

State-owned BHEL declared on 14 February 2011 that it bagged $ 436 million (approximately Rs 2000 crore) contract from Yemen for setting up a gas-based power project in Yemen. BHEL received the order for a Gas Turbine-based power plant, Marib Gas-Based Power Project (Phase II) from Yemen. The agreement will enable both the organisations to leverage their capabilities in offering EPC solutions for solar power projects in India and will also give them the opportunity to explore cooperation on energy projects in other parts of the world. The Arab Fund for Economic and Social Development, the Saudi Fund for Development and the Government of Yemen will fund the project.

BHEL has still date contracted projects amounting to 12500 MW from overseas market. BHEL is currently executing 45 contracts in 23 countries, which include turnkey projects in Bangladesh, Bhutan, Libya, Syria and Sudan. BHEL recently signed an agreement with Spain's Abengoa to set up solar power projects in India.