Bhel Takes over Bhpv

BHEL takes over BHPV, inks pact for power plant at Vijayawada
|BHPV will become dedicated centre for industrial boilers                                                                         |

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Adding more power: (from left) Mr K. Ravi Kumar, Chairman and Managing Director of BHEL, displaying the document relating to the takeover of BHPV, with Mr P. Chidambaram, Union Finance Minister; and Mr Santhosh Mohan Dev, Union Minister for Heavy Industry, in Visakhapatnam on Saturday.

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Visakhapatnam, May 10 Bharat Heavy Electricals Ltd (BHEL) took over Bharat Heavy Plate and Vessels Ltd (BHPV) on Saturday; it also signed a memorandum of understanding with AP Generation Corporation for setting up a 125-MW integrated coal gasification combined cycle power plant at Vijayawada.
At a public meeting at the BHPV attended by Mr P. Chidambaram, Union Finance Minister; Mr Santosh Mohan Dev, Union Heavy Industry Minister; Mr S. Jaipal Reddy, Union Minister for Urban Development; and Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, the authority letter relating to the takeover was handed over by Dr Satyanarayana Dash, Secretary of the Union Department of Heavy Industry, to Mr K. Ravi Kumar, Chairman and Managing Director of BHEL.
Mr Ravi Kumar said BHPV would be developed as a dedicated centre for industrial boilers; Rs 236 crore would be spent on the unit during the next three years and its turnover would touch the Rs 1,000-crore mark in five years.
Mr Jairam Ramesh, Union Minister of State for Commerce and Power, hailed the MoU for the 125-MW integrated coal gasification combined cycle power plant at Vijayawada. He said the power plant would cost Rs 950 crore, of which BHEL would bear Rs 450 crore and AP Genco the rest. The power plant would employ clean coal technology and would be a great step forward,...