BHEL to make renewable energy generating machines
Bharat Heavy Electricals Ltd (BHEL) would soon commence production of renewable energy generating equipments.
February 26, 2011 / 12:21 IST
Bharat Heavy Electricals Ltd (BHEL) would soon commence production of renewable energy generating equipments.
"We will enter into manufacturing of renewable energy generating equipments in a big way and will go in for a JV with Bharat Electronics Ltd (BEL), Bangalore, to install a manufacturing facility in the capacity of 250 MW for the production of solar photo voltaic cells," BHEL Director R&D (Engineering) O P Bhutani told reporters on Friday.A memorandum of understanding has already been inked with BEL and it has developed a prototype model at a capacity of 8 MW.The joint venture agreement would be signed soon and it will be at an investment of Rs 3,000-4,000 crore on a 50-50 ratio.Though the location of the factory is yet to be finalised, it is expected that it would be commissioned within two years, Bhutani said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
