State-run power equipment maker BHEL on Friday said it would finalise a global technology partner for the proposed joint venture to manufacture power transmission equipment within three months.
“The power transmission equipment (manufacturing) joint venture will be in place in the next three months, we are in talks with some international players,” CMD BHEL B P Rao told reporters in his first press conference after assuming charge of the company.
He, however, declined to divulge the name of the international firms. Earlier, this fiscal the company had announced collaborating with a foreign company for manufacturing power transmission equipment.
The JV would focus on manufacturing 765 kilo volt (KV) and 1,200 KV transmission equipment.
BHEL, which has an orderbook of Rs 1,25,000 crore, expects to bag new contracts worth about Rs 20,000 crore during the current fiscal.
BHEL has lined up a capital expenditure of Rs 2,400 crore for the present financial year (2009-10). It plans to manufacture equipment that can generate 15,000 MW of electricity by December, 2009 and 20,000 MW by 2012.
Often targeted by power generating companies for delayed equipment supply, Mr. Rao said, “We would focus on improving the delivery capacity of the company.”
BHEL secured orders worth Rs 10,254 crore in 2008-09 in various segments including captive power, transportation and power transmission.