Economy

Govt sets up panel to look into power equipment sourcing

Press Trust of India New Delhi | Updated on March 16, 2011




The Government today said it has set up a committee to examine the matter regarding the sourcing of supercritical equipment for the ultra mega power projects of 4,000 MW capacity.

“A committee under the chairmanship of Member (Industry), Planning Commission, has been set up to look into the details and work out the modalities regarding securing supercritical equipment for the ultra mega power projects (UMPPs) with phased domestic manufacturing programme,” an official statement said.

The developer for these projects are selected through international competitive bidding process conducted by the project-specific Special Purpose Vehicle (SPV) formed as 100 per cent subsidiaries of Power Finance Corporation (PFC), the nodal agency for UMPPs.

Published on March 16, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor