BL reported that Dr Manmohan Singh PM of India approved a grant of INR 350 crore for the 125MW Integrated Gasification Combined Cycle project being put up at Vijayawada in Andhra Pradesh by a JV of Andhra Pradesh Power Generation Corporation & Bharat Heavy Electricals Limited.
As per report, the Technology Demonstrator project costs INR 950 crore. This is substantially higher than a conventional coal fired project of similar size which would cost between INR 500 crore and INR 600 crore.
APGenco will contribute INR 530 crore for the project and BHEL INR 420 crore. Now it is expected that the Government’s contribution of INR 350 crore would be taken as part of BHEL’s.
