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India's BHEL Enters Vietnam for $50 Million Hydropower Project

BANGALORE, INDIA--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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