NTPC-BHEL Power Projects Pvt Ltd, a 50:50 joint venture of state-owned NTPC and BHEL for manufacturing power equipment, will start operations next fiscal, a senior company official said.
"The infrastructure for the NTPC-BHEL JV company would be ready by March 2012...And its would start production next year (financial year)," NTPC CMD Arup Roy Choudhury, who is also the Chairman of NBPPL told reporters on the sidelines of National Energy Conservation Day here.
The company already has orders in hand, which it received from NTPC and BHEL at the time NBPPL was incorporated in April 2008.
It will start manufacturing plant equipment such as transformers, switchgears, meters and automation systems from its facility in Andhra Pradesh.
NBPPL will supply equipment for the 100 MW Namrup Power Station in Assam, and 726 MW combined cycle power plant Palatana of ONGC Tripura Power Corporation.
It would 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 (APGENCO).
On whether the JV company is scouting for a technological partner, Choudhury said, "Right now the focus is on starting operations...Later we will see whether we need any kind of tie up with a foreign company."
The JV was formed to carry out Engineering Procurement and Construction (EPC) contract for power plants and infrastructure projects as well as manufacture and supply of equipment.
The JV firm falls under the administrative control of the Ministry of Heavy Industries and Public Industries.