Projects Monitor :: NTPC-BHEL JV plans delayed by two years:
"Expressing concerns over the delay in executing the business plan of NTPC-BHEL Power Projects Ltd, the ministry of power has asked the public sector joint venture partners to put in extra effort to implement the plan so as to complete phase- I by 2012 and phase-II by 2015 as scheduled.
The plan, currently two years behind schedule, envisages investment of Rs 1,200 crore on establishing EPC capabilities and manufacturing balanceof- plant equipment like coal and ash handling plants in phase-I, and an investment of around Rs 4,800 crore on setting up manufacturing facilities for boilers, turbines and generators in phase-II with an annual capacity of 5,000 mw.
Reviewing the NTPC-BHEL business plan, Heavy Industries Secretary B.S. Meena and Power Secretary Uma Shankar noted that though the plan was approved in October 2008, it had failed to achieve the desired progress. The two secretaries directed the JV partners to identify the milestones and sort out any problems over the implementation of the business plan and schedule of operations.
With regard to the JV company's operations, C.P. Singh, Chairman & Managing Director, NTPC-BHEL Power Projects Ltd, said that a turnover of Rs 10,000 crore was expected by 2015 and Rs 20,000 crore by 2020."...................................
The plan, currently two years behind schedule, envisages investment of Rs 1,200 crore on establishing EPC capabilities and manufacturing balanceof- plant equipment like coal and ash handling plants in phase-I, and an investment of around Rs 4,800 crore on setting up manufacturing facilities for boilers, turbines and generators in phase-II with an annual capacity of 5,000 mw.
Reviewing the NTPC-BHEL business plan, Heavy Industries Secretary B.S. Meena and Power Secretary Uma Shankar noted that though the plan was approved in October 2008, it had failed to achieve the desired progress. The two secretaries directed the JV partners to identify the milestones and sort out any problems over the implementation of the business plan and schedule of operations.
With regard to the JV company's operations, C.P. Singh, Chairman & Managing Director, NTPC-BHEL Power Projects Ltd, said that a turnover of Rs 10,000 crore was expected by 2015 and Rs 20,000 crore by 2020."...................................
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