GoI is planning to induct a private investor in the recently-formed NTPC-BHEL Power Projects Ltd. (NBPPL) (50:50 JV of NTPC and BHEL). The move aims at converting the public sector character of the JV into a private firm.
NBPPL would look at roping in financial investors or a strategic partner into the equipment manufacturing operations to broadbase its operations. The strategic partner could be offered up to 26% stake, while some stakes would be offered to financial institutions on the lines of Power Trading Corp (PTC). In PTC, financial Institutions like IDBI, IDFC, IFCI, GIC and LIC have around 30% stake.
The JV is expected to invest Rs. 6,000 crore to set up a power equipment manufacturing facility that will churn out boilers and turbines equipped to charge up 5,000 MW of greenfield thermal capacity by 2013. It will also take up EPC contracts and O&M works.
NBPPL would look at roping in financial investors or a strategic partner into the equipment manufacturing operations to broadbase its operations. The strategic partner could be offered up to 26% stake, while some stakes would be offered to financial institutions on the lines of Power Trading Corp (PTC). In PTC, financial Institutions like IDBI, IDFC, IFCI, GIC and LIC have around 30% stake.
The JV is expected to invest Rs. 6,000 crore to set up a power equipment manufacturing facility that will churn out boilers and turbines equipped to charge up 5,000 MW of greenfield thermal capacity by 2013. It will also take up EPC contracts and O&M works.
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