India’s state-owned power company National Thermal Power Corporation Limited (NTPC) has invited expression of interest (EoI) from chemical industry for setting up manufacturing facilities within its plant premises.
NTPC has invited the EoI from Indian companies to build plants such as bulk chemicals – ammonia, urea, chloralkali, gypsum and gypsum products, geopolymer, etc – in the industrial parks to be developed on a pilot basis in its thermal power plants at Solapur (Maharashtra), Kudgi (Karnataka) and Gadarwara (Madhya Pradesh).
These industrial parks will be subject to requisite approvals from respective state and the central government.
NTPC will process these approvals based on responses received in the EoI.
The government has announced a slew of economic packages aimed to build self-reliant India by creating a conducive investment environment and developing manufacturing hubs.
NTPC’s power plants across the country have evolved into economic centres with robust infrastructure system in place.
Capitalising on the economic ecosystem developed over a period of time, NTPC is exploring ideas to improve utilisation of land within its plant locations for enhancing economic activity and further contributing to the economic growth of the country.
The initiative will create industrial parks within the power plants, which besides offering unique advantage of reliable electricity supply at competitive prices, will provide a slew of other benefits of readily available infrastructural services like adequate water supply, accessibility through road and rail network, robust connectivity with internet lease lines, accessibility to the township, medical facilities and local market along with various testing facilities which will be co-opted on need basis.
As part of the plan, NTPC will enter into a separate agreement with prospective entities for allotment of spaces.