Bharat Heavy Electricals Ltd has 14,000 MW worth new contracts lined up: Official

KOLKATA: Diversified major Bharat Heavy Electricals Ltd ( BHEL) today said project orders involving setting up of 14,000 MW are already lined up for the company during the current fiscal.

"We hope the worst is over. Contracts for power projects worth 14,000 MW is already lined up," BHEL eastern region Executive Director M Rajiv Kumar said.

Asked about competition from the Chinese companies for these contracts, Kumar said, "in the past BHEL had been able to secure 65 per cent of the private contracts and in future also we will remain competitive."

BHEL was also working on technology to enable power plants to switch between imported coal and domestic coal to get an edge over competitors.

"BHEL is working on this technology after receiving such requests from customers. There will not be a major investment for the same," Kumar said.

Kumar said some of the projects which are put on hold either by BHEL or by power companies due to financial constraints, are expected to be back on track as government was trying to work out a solution.

He expressed confidence that in 2013-14, there will be revival in private power projects orders.

In 2012-13, BHEL secured order worth Rs 31,528 crore of which Rs 2,924 crore was from the eastern sector.