The power equipment manufacturing plant of the NTPC-BHEL joint venture, NBPPL, will be set up at Mannavaram in Andhra Pradesh (AP) and entail an investment of Rs 60 billion, reports Business Standard.
The plant, which is slated to be fully operational by 2014, will have an annual capacity to manufacture up to 5,000 Mega Watt of equipment.
It is billed as the country`s first integrated plant making turbines, generators and boilers at one place.
The Andhra Pradesh government had allotted 750 acres last month for the project.
NTPC-BHEL Power Projects said that the funding of the Rs 60 billion project will have debt-equity ratio of 1:1, or in equal proportion.
| NIFTY 
