India’s BHEL Enters Vietnam for $50 Million Hydropower Project, an Industrial Info News Alert

SOURCE:

Industrial Info Resources

2008-08-20 04:00:00

BANGALORE, INDIA–(EMWNews – August 20, 2008) – Researched by Industrial Info Resources

(Sugar Land, Texas) — Indian power equipment major Bharat Heavy

Electricals Limited (BOM: 500103) (BHEL) (Mumbai) recently forayed into

Vietnam with a $50 million contract to construct a 200-megawatt (MW)

hydroelectric power plant in the country. The contract will be funded

through the line of credit of $45 million extended in January this year by

the Indian government to its Vietnamese counterpart. The funds will be

administered by the Export Import Bank of India (Mumbai).

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