Will set up manufacturing facilities in Andhra Pradesh
NTPC-BHEL Power Projects Ltd. (NBPPL) on Saturday signed an agreement with its equal joint venture partners NTPC and BHEL to meet the target of order bookings worth Rs.7,000-crore in the current financial year. NBPPL has been jointly set up by NTPC and BHEL for capacity building in manufacturing of power plant equipment. This signing of MoU was a major initiative taken to ensure fast track growth of NBPPL by providing greater functional autonomy and empowerment in achieving the laid down objectives of the company. It would also help the joint venture partners in achieving financial objectives set in the MoU for the various parameters, an official statement said. The MoU was signed by NTPC Chairman R. S. Sharma, BHEL Chairman and Managing Director B. P. Rao and NBPPL Chairman and Managing Director C. P. Singh.
NBPPL will be setting up manufacturing facilities in Andhra Pradesh. It has already taken up EPC work for Namrup gas-based project of 100 MW in Assam and Palatana gas-based project of 726 MW in Tripura. The company expects EPC order booking of more than Rs. 7,000 crore by the end of this year. It will also take up execution of 500 MW Singrauli thermal power plant and 600 MW thermal power plant at Rayalseema of Andhra Pradesh Power Generation Corporation Ltd.