BHEL suppliers to set up own power plant

BHEL Small Industries' Association (BHELSIA), the consortium of local material suppliers to Bharat Heavy Electricals Ltd (BHEL), Tiruchi complex, is planning to set up a captive power plant with 12-16 MW capacity, in an effort to overcome the power shortage which has badly affected their business. The association has applied to register a new company to run the BHELSIA Power Project, with the Registrar of Companies.

It is in talks with two Korean firms and a Chinese firm to import their plants to Chennai and is planning to invest around Rs 20 crore in the project, said Rajappa Rajkumar, president, BHELSIA.
The association, which has around 280 members, would carry out civil works to set up the imported second-hand plants in Tiruchi, once it is approved by the government. It is looking at capacity of 12MW to 16 MW through the project.

"We are forming a new company to manage the captive power plant, which would come up in next six to eight months provided we get all the approvals from the Tamil Nadu government in time," said Rajkumar.

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http://www.business-standard.com/india/news/bhel-suppliers-to-setown-power-plant/433473/