A 1,000 MW is exported and the power plants coming up can generate 6,000 MW.
We want to ramp up our capacity, (and) by 2011 we plan to become a 20,000 MW company. Besides we also plan to pick up a 26 per cent stake in more power plants… In all we have plans to invest Rs 12,000 crore in the next four years, CMD BHEL K Ravi Kumar told PTI.
Asked about the source of funding, Ravi Kumar said, It will come from internal accruals as BHEL is a cash-rich company.
By the end of the fiscal year, the company expects to make equipment for generating 15,000 MW.
Currently, BHEL is operating at more than 100% capacity and ends up supplying equipment to generate 11,500 MW. We are supplying more than our capacity, we are providing equipment to produce 11,500 MW electricity, Ravi Kumar said.
BHEL has took a 26% stake in the 2×800 MW Udangudi project of the Tamil Nadu Electricity Board and plans to become a joint venture partner in more units.
But Ravi Kumar did not elaborate on whether some projects have been identified for equity participation.
The company, which recently signed a technology transfer agreement with UK-based Sheffield, is increasing enhancing its casting and forging manufacturing capacity.
BHEL has an order book of INR1,170 billion for the current financial year 2009-10.
BHEL is also expecting orders for supplying and erecting equipment from NTPC for its (NTPC’s) joint venture with the Tamil Nadu Electricity Board.
