BHEL announced yesterday that it has bagged an order worth Re. 200 crores for a hydro power project in Vietnam. This is the company's maiden entry into Vietnam, and it was awarded by state-owned Nam Chien Hydropower. The project is slated to be completed by end-2010.
This would open up a huge market for BHEL in hydro as well as in the thermal and gas based power plants segments in Vietnam, which will witness huge capacity additions in the future.
Under the contract, BHEL would be responsible for the design, engineering, manufacture, supply and supervision of installation as well as commissioning of the plant. It is being funded by the Government of India's Line of Credit to Vietnam.
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