Centre allots Rs 6,000 cr NTPC-BHEL unit to AP

Ending months of suspense, the Government of India has finally allotted the Rs 6,000 crore power projects equipment manufacturing unit
of the NTPC-BHEL to Andhra Pradesh.

Prime Minister Manmohan Singh will lay the oundation-stone for this project at Mannavaram near temple town of Srikalahasthi in Chittoor district on September 6, according to Andhra Pradesh Chief Minister Y S Rajasekhara Reddy.

The Chief Minister called the Prime Minister over phone today, after AP was chosen for setting up the project, and thanked him for this.

Public sector giants National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals Limited (BHEL) have joined hands to set up the major power projects equipment manufacturing unit.

NTPC-BHEL Power Projects Pvt Ltd, the joint venture company, incorporated last year by NTPC and BHEL, will set up the green field unit that will manufacture equipment for thermal, hydro, gas and power plants.

The State government has allotted 750 acres of land for the unit at a nominal price of Rs 100 per acre. The plant would provide direct employment to 6,000 people besides indirect employment to over 25,000 persons, according to the Chief Ministers Office.

ref:
http://economictimes.indiatimes.com/News/News-By-Industry/Energy/Power/Centre-allots-Rs-6000-cr-NTPC-BHEL-unit-to-AP/articleshow/4949306.cms