Bharat Heavy Electricals has
clarified through a
statement that it has a
strong order book for execution in
the coming years, stagnation in
the power sector and intense
competition notwithstanding.
BHEL also asserted that the
ongoing controversy over coal
allocation for power plants would
not have any impact on its
operations.
Despite stagnation in the power
sector and intense competitive pressure
in domestic and overseas markets, BHEL
has a strong order book for execution in
2012-13 and beyond of over Rs 1,30,000
crore, the company said.
BHEL said from being one of the most
rapidly growing sectors till last year, the
domestic power sector has witnessed a
sharp slowdown.
In recent weeks, there have been
reports that some of the projects, for
which BHEL is supplying equipment
could be impacted by coal block
allocation issues. Projects currently
being executed by BHEL have the
required coal linkages and are
progressing satisfactorily, the firm
noted.
The power equipment major
emphasized that ongoing coal
allocation controversy would
absolutely have no impact on the
company's order book or its operations.
According to BHEL, the 4x270-mw
Chandwa project, being executed by the
company, has the necessary coal linkage
from Coal India and is in an advanced
stage of execution. Similarly, the 4x600-
mw project at Tanmar of the Jindal
Power Ltd being executed by BHEL is
also in a very advanced stage of
execution and has the coal linkage
through Coal India. The
projects of JSPL, for which
doubts on the coal blocks at
Jitpur and Amarakonda have
been raised, pertain to a new
project proposed by JSPL at
Godha. The order for this
project has still not been
finalized.
The statement said various
customers such as DB Power,
Jindal Photo Ltd, Adhunik
Power and GVK Power -- which
have been allocated coal mines for their
upcoming power plants -- also have
alternative coal linkage/tapering
linkage available from Coal India or its
subsidiaries. In the case of Mandakini-A
Block, allotted to Monnet Ispat &
Energy Ltd, the company has
communicated to BHEL that they do
not envisage any problem with respect
to their 2x525-mw TPS at Angul, being
executed by BHEL.
Meanwhile, BHEL said project
developers are facing numerous
constraints such as coal and gas
allocations, environmental clearances
and financing.
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