BHEL, Yemen in deal for $393 mn power plant

Yemen signed an agreement with Bharat Heavy Electricals on Sunday for a USD 392.7 million power plant in the Arab country, the Yemeni state news agency Saba said.

February 07, 2011 / 08:57 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Yemen signed an agreement with Bharat Heavy Electricals Limited on Sunday for a USD 392.7 million power plant in the Arab country, the Yemeni state news agency Saba said.

The 400-megawatt gas-powered project in Maarib province is funded by the Saudi Fund for Development, the Arab Fund for Economic and Social Development, and the governments of Yemen and Oman, the agency said.

Yemen said last week that BHEL had won the bidding for the project, in which seven international companies took part, including firms from Saudi Arabia and South Korea.

first published: Feb 7, 2011 08:24 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347