News Business BHEL signs pact with Indonesian firm to set up power plant

BHEL signs pact with Indonesian firm to set up power plant

New Delhi: State-owned power equipment maker Bhel today said it has signed an initial agreement with PT Star Vyobros, Indonesia for setting up a 200 MW coal fired plant in the island nation. It has

bhel signs pact with indonesian firm to set up power plant bhel signs pact with indonesian firm to set up power plant
New Delhi: State-owned power equipment maker Bhel today said it has signed an initial agreement with PT Star Vyobros, Indonesia for setting up a 200 MW coal fired plant in the island nation.

It has signed an MoU with PT Star Vyobros, Indonesia for setting up a 200 MW coal fired power plant in Sulawesi region in Indonesia, Bhel said in a statement.

Financial details of the pact were not divulged by the company. The MoU was signed in a ceremony held in Jakarta, Indonesia by P K Uppal Executive Director, (International Operations) Bhel and Edi Yosfi, President Director, PT Star Vyobros. Bhel has earlier signed one more MoU with PT APAC INTI, Indonesia for setting up a 25 MW and 30 MW Solar Photovoltaic based power plant in the Java region in Indonesia, the statement said.

In Indonesia, Bhel is executing a coal-fired power plant for PT CKP, besides having commissioned two more coal-fired power plants in recent years. Bhel stock was trading at Rs 241.35, up 5.21 per cent, on the BSE.

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