NTPC's SPV for cement manufacturing in 2 months

NTPC, the country's largest power producer, today said that the special purpose vehicle (SPV) for cement manufacturing will be in place in two months.

NTPC, which is foraying into cement manufacturing, will set up two cement plants, one at Badarpur and another at Barh in Bihar. It would have 26 per cent share in the special purpose vehicle.

"NTPC will hold 26 per cent share and the SPV for the same would be in place in two months," Minister of State for Power Jairam Ramesh told PTI, adding that the two plants would have a capacity of one million tonne each.

"We have aggressive plans in ash utilisation, we would want to manufacture not only cement but bricks and floor tiles also with that raw material," CMD NTPC R S Sharma told PTI. However, he refused to divulge other details regarding the plants.

In manufacturing cement, the company would use the fly ash collected at its various thermal power stations.

"New and innovative methods of ash usage are required to keep pace with the ash generated at the coal based power station," he had said earlier.

Nearly 60 per cent of power in the country is produced using coal as a fuel. If the power sector grows as expected, ash generation might touch 175 million tonnes per annum by 2012, as per official data.

In the year 2007-08, 23.7 million tonnes of ash generated in NTPC stations was utilised in cement & asbestos industry, road embankment, mine filling, ash dyke raising and land development. This is about 55.1 per cent of the total ash generated during the year.