BHEL, Russian firm INTMA ink MoU to set up power plant in Kazakhstan

Bharat Heavy Electricals Limited (BHEL) has signed a memorandum of understanding (MoU) with a Russian company INTMA to set up a gas-based power project in Kazakhstan.

The MoU aims set combined path to execute projects of mutual interest in Russia and Kazakhstan.  In this regard, BHEL’s competence in design and manufacturing of power plants will play important role and INTMA’s strength in handling engineering procurement and construction contractors (EPC) contracts will implement the projects.

By signing this MoU, BHEL will be able to expand its footprint in the commonwealth of independent states (CIS) region.

At present, BHEL is has a presence in more than 75 countries and is executing 23 major projects in 16 countries. The state owned company is primarily engaged in manufacturing of power plant equipment like steam turbines, gas turbines, hydro turbines and boilers.

While, INTMA is Russia and Kazakhstan’s one of the leading general EPC.  It has wide experience in industrial construction, automation, renovation of facilities and other energy related sectors.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017

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