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Home News Power Sector News L&T inaugurates 4000 crore power equipment facility

L&T inaugurates 4000 crore power equipment facility

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L&TIndia's first private sector facilities for the manufacture of supercritical boilers and turbine generators was inaugurated at L&T MHI Plant at Hazira in Gujarat on January 12, 2011. Two separate functions were held for the supercritical boilers and turbine generators facilities. The first one was attended by Union minister of power Sushil Kumar Shinde, Union minister of state for power Bharatsinh Solanki and Union minister of heavy industries Vilasrao Deshmukh. The second function was attended by Chief Minister Narendra Modi.

A joint venture between L&T and Mitsubishi Heavy Industries (MHI), the facilities are among the largest of their kind in the world with Rs 4,000 crore investment. They have an annual capacity to manufacturing 5,000 MW of equipment which is likely to be expanded to 6,000 MW by 2012.

Addressing the gathering at Hazira, Union minister of power Sushil Kumar Shinde said, "In the 10{+t}{+h} Five Year Plan, there were only 6 to 7 per cent of private players in the power sector. Now we have about 26 per cent which is set to go up to 50 per cent in 12{+t}{+h} Five Year Plan."

Shinde said the JV between L&T and MHI has made a beginning and that India is expected to become the number one exporter of state-of-the-art boilers and turbines to the world.

Union Minister of Heavy Industries Vilasrao Deshmukh said "I consider the public sector company BHEL and L&T as sister concerns and together we both can deliver exponently to the power needs of the country. There is a need to bridge demand supply gap in the power sector by scaling up the power generation to more than 1 lakh MW in the 12{+t}{+h} five year plan."

Chief Minister Narendra Modi said "I am quite busy with the Vibrant Gujarat celebrations. But I owe a great deal to L&T because of the fact that this was the only company that stood by Surtis during the devastating floods of 2006 and it cleaned up the whole of Surat. I am proud of the fact that the first private sector facilities for manufacture of supercritical boilers and turbine generators have been inaugurated at Hazira."

Source- Times of India

 

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