ET reported that private power equipment makers such as Alstom and Toshiba will set up their power manufacturing base in India in the next 3 months to 4 months. This decision will help the power ministry in its objective to add 78,700 MW power generation capacities by March 2012.

Mr Sushilkumar Shinde power minister said "Alstom, Toshiba, Mitsubishi Heavy Industries and others have taken land for setting up their manufacturing facilities and in 3 to 4 months these projects would become operational."

Mr Shinde said "We will be adding more than 100,000 MW of power in 12 plan period starting in 2012. Already orders for equipment to generate 25,000 MW to 30,000 MW in the next plan have been placed."

He called the meeting of equipment manufacturers to ensure that their expansion and new projects become operational on time. This is important as in the past shortage of equipment has led to slippage in targeted capacity addition program.

The government would soon give its nod to bulk tendering of supercritical equipment by NTPC and DVC. This has evinced interest from new JV such as L&T-Mitshubishi, JSW-Toshiba, Bharat Forge-Alstom and Ansaldo-GB Engineering. New ventures are expected to bring investment to the tune of INR 5000 crore.

(Sourced from Economic Times)