Bharat Heavy Electricals (BHEL) is looking to build two thermal power plant units in the Russian internal republic of Buryatia. Executives from BHEL recently met representatives of the Buryatia government to negotiate over the Indian company's participation in building the reactors of the Ulan-Ude TETs-2 thermal power plant.
The first phase of the project involves the construction of two power units with a capacity of 240 MW each. The Buryatia government expressed interest in BHEL's proposal to raise finances for the project using mechanisms under the trade and economic cooperation agreement between the governments of Russia and India.
Buryatia considers the project strategically important to meet the republic's energy needs. The construction and commissioning of the Ulan-Ude TETs-2 will create the conditions for quality heat supply to the capital. The project would also help secure power supplies to industrial consumers, including companies implementing large-scale projects in the field of extraction and processing of natural resources.