BHEL to build 1,600 Mw power plant
Bharat Heavy Electricals Ltd (BHEL) has signed a joint venture pact to build a 1,600 megawatt 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% each, with the rest held by financial institutions and other partners. 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 Tamil Nadu and Karnataka. Earlier NTPC had announced the setting up of a 2,640 megawatt thermal power plant under a pact with the Madhya Pradesh state government and the MP Power Trading Co.