MUMBAI Nov 18 Top Indian power-equipment maker
Bharat Heavy Electricals (BHEL.BO) said on Wednesday it has
signed a joint-venture pact to build a 1,600 megawatt (MW)
thermal power plant in the central state of Madhya Pradesh.
The power plant at Khandwa will be equipped with
supercritical technology, which helps lower coal consumption
and leads to lower emissions.
State utility Madhya Pradesh Power Generation Co Ltd and
BHEL will initially have an equal share in the joint venture.
Their stakes will later be diluted to 26 percent each, with the
rest held by financial institutions and other partners, BHEL
BHEL has been promoting joint ventures with state utilities
to set up and operate supercritical thermal power plants. It
has set up joint ventures with the southern states of Tamil
Nadu and Karnataka.
Earlier this month, leading Indian power producer NTPC
(NTPC.BO) said it would set up a 2,640 megawatt (MW) thermal
power plant under a pact with the Madhya Pradesh state
government and the MP Power Trading Co.
(Reporting by Pratish Narayanan; Editing by John Mair)