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Thursday, May 8, 2014

BHEL Mundipar Project 2014

BHEL Mundipar Project 2014

THE biggest investment to date of Bharat Heavy Electrical Limited (BHEL) got a big boost alter Maharashtra Government approved grant of additional incentives for its solar cell equipment manufacturing unit coming-up at Mundipar in Bhandara district. The first cabinet meeting of Maharashtra Government post lifting of election code of conduct saw clearance of the BHEL's demand. The cabinet also approved grant of status of mega project. The first of its kind of project in country for manufacturing of solar cells is coming-up at cost of Rs 2,731 crores and would ensure employment to 3,000 person.
Union Minister for Heavy Industries Praful Patel is credited with bringing this mega project to Vidarbha region.

The BHEL's project is first direct investment of Central Government in Vidarbha region and it can also help set-up of small scale industries in the region as ancillary units. This in turn could spur the industrial development in the backward region.
The BHEL's unit at Mundipar would manufacture silicon used in solar PV cells and solar PV modules which are base for solar phonological units. The project is also aimed ai promoting generation of green energy and MIDC has acquired and handed over 480 acres of land to BHEL. This project is expected to see an investment of about Rs. 1500 crores and funds is being arranged in form of subsidy from National Clean Energy Fund (NCEP) of Central Government.
Alongside the main unit. BHEL has also proposed setting-up of Rs. 500 crorcs fabrication unit which is in advanced stage. Here BHEL proposed to manufacture structural frames used in power plants.
The State cabinet at its meet on Wednesday also approved grant of additional incentives for the fabrication unit also. BHEL has paid Rs. 9.5 lakh/acre to acquire the land for Mundipar project. The compensation is one of the highest in the region and land acquisition was completed in a record time and BHEL has even floated tenders for machinery needed for its fabrication unit.

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