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AP gets Rs 6000 Cr Public Sector JV

AP gets Rs 6000 Cr Public Sector JV

AP gets Rs 6000 Cr Public Sector JV

Even as the state of Andhra Pradesh and the Union Government were grappling with the crucial exercise of formation of ministries and allocating portfolios, the AP CM Dr YS Rajasekhar Reddy coolly met with central officials on May 24 and swung in his favour the long pending decision of setting up the NTPC-BHEL joint venture public sector undertaking in Chittoor district of AP. Seven states have been vying for this project since last one year.

The NTPC-BHEL Power Projects Private Ltd (NBPPPL) will be the first PSU in the state in the last 27 years after the Vizag Steel Plant, which was commissioned in 1982. It will also be the first PSU in the Rayalaseema region to which the chief minister belongs.

The NBPPPL was set up by NTPC and BHEL with 50:50 per cent equity last year with a proposed initial investment of Rs 6,000 crore for the Chittoor plant.

The plant will be set up in Mannavaram village in Chittoor district and will manufacture power equipment for coal-based thermal power stations up to 1000 MW including super critical, hydro-based power stations and gas-based units, besides matching generators, boilers and all equipment related to power projects in India and abroad and the first batch will be ready for shipment by 2014.

The manufacturing unit would require 700 acres of land for the plant and another 250 acres for the township. The unit will provide direct employment to 6,000 people along with an indirect employment to about 25,000 to 30,000 people.

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