NTPC-Bhel JV seeking for tech partners

NTPC BHEL Power Projects Pvt. Ltd. Or NBPPL is scouting for a technology partner.

The company, an equal joint venture between state-run companies NTPC Ltd and Bharat Heavy Electricals Ltd, plans to set up a manufacturing facility for balance of plant or BOP equipment by 2011-12 and power generation equipment with a yearly capacity of 5,000MW by 2014-15. BOP equipment comprises coal and ash handling plants and cooling towers among others, and excludes main power plant equipment such as boilers, turbines and generators.

The joint venture partners are open to diluting their stakes to 26 per cent each for the project, which will require an investment of around '6,000 crore and provide direct employment to around 6,000 people.

C.P. Singh, chairman and managing director of NBPPL, stated that the company is  "looking for technology partners for various systems and products", according to mint.com.

Under phase one of NBPPL, the joint venture is looking at tying up technology transfers for balance of plant equipment such as coal handling and ash handling packages. In the second phase it will seeking technology partners for turbine and generators.