BHEL secures Rs 5,600 cr power plant contract

State-run power equipment maker Bharat Heavy Electricals (BHEL) today said it has bagged a Rs 5,600 crore contract from an arm of Jaiprakash Associates for setting up a 1,980-Mw thermal power plant in Uttar Pradesh.

BHEL has secured the contract from Prayagraj Power Generation Company (PPGCL), a company-owned by Jaiprakash Associates, for setting up a 1,980-Mw thermal power project in Uttar Pradesh, the company said in a statement.

As per the contract, BHEL would install three units with a capacity of 660 Mw each of the Prayagraj Thermal Power Project in the Allahabad district of Uttar Pradesh.

Under the terms of the contract, BHEL's scope of work would include designing, manufacturing and commissioning of turbines, generators and boilers, besides instrumentation of the systems.

The company, at present, manufactures equipment that can generate 10,000 Mw of electricity annually. BHEL plans to augment this capacity to 15,000 Mw by December 2009, and further raise it to 20,000 Mw by 2012.

Shares of BHEL were trading at Rs 2,245, down 0.57 per cent in the afternoon trade on the BSE.