NTPC-BHEL Power Projects (NBPPL), a 50:50 JV between NTPC and BHEL, will invest Rs 6,000 crore to set up a power equipment manufacturing facility that will churn out boilers and turbines equipped to charge up 5,000 MW of greenfield thermal capacity by calendar 2013. This was announced in Kolkata by Union minister of state for power and commerce Jairam Ramesh on Sunday.
“We’ve readied NBPPL’s business plan and it will be placed for discussions soon. NBPPL will undertake three broad categories of business and it will be taken up in three phases,” said Mr Ramesh.
Elaborating, he said: “In the first phase, the company will vie for engineering procurement and construction jobs for power plants in India and abroad. The second phase will involve manufacturing a critical balance of plant equipment for power units and in the final phase, it will set up a power equipment manufacturing plant.
The plant will have a capacity to manufacture critical components — boilers and turbines — for power plants with an annual capacity of 5,000 mw by 2013,” said K Ravi Kumar, CMD, BHEL. The location of the plant, however, has not yet been finalised.
More at:
http://economictimes.indiatimes.com/News/News_By_Industry/Energy/NTPC-Bhel_JV_to_invest_Rs_6000_cr_in_new_unit/articleshow/3208696.cms
Monday, July 7, 2008
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