To promote the ‘Make in India’ initiative and provide the necessary impetus to the vision of Aatmanirbhar Bharat, NTPC Limited has invited expressions of interest (EoI) for setting up energy-intensive industries in its premises across the country. The first phase of the initiative will cover three states.
According to the statement released by the company, it has invited EoI from micro, small, and medium enterprises (MSMEs) and Indian companies for setting up manufacturing facilities in the industrial parks to be developed at NTPC’s thermal power projects at Solapur in Maharashtra, Kudgi in Karnataka, and Gadarwara in Madhya Pradesh.
The last date for the submission of interest is October 21, 2020.
MSMEs manufacturing plants of bulk chemicals, like ammonia, urea, chloralkali, gypsum, geopolymer, and aluminum are asked to set up their units. Also invited are mineral processing, metallurgical, and metal industries (foundries, forging, alloys, heat treatment, and steel rerolling) in the industrial parks developed at various NTPC projects across the country.
These industrial parks will be developed after necessary approvals from the respective state governments and the central government. NTPC will process these approvals after considering the responses received in the EoI.
The company is exploring ideas to improve the utilization of land within its premises for enhancing economic activity and contributing to the economic growth of the country.
This initiative is expected to create industrial parks on the premises of NTPC’s projects, which will provide them reliable electricity supply, adequate water supply, road and rail facilities, and access to townships, medical facilities, and local markets.
The manufacturer will be responsible for setting up the factory and arranging project finances. The manufacturers will set up the facility with their resources and would be responsible for the entire business operations, including sourcing of raw materials, labor, and marketing products.
According to NTPC, it currently has a total installed capacity of 62.9 GW from 70 power projects. These projects include 24 coal, seven combined cycle gas, and liquid fuel projects, one hydro, 13 renewable, and 25 subsidiary and joint venture power projects.
According to Mercom’s India Solar Project Tracker, NTPC has 875 MW of large-scale solar projects in operation, with about 2.3 GW of capacity that’s currently under development.
Rakesh is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.