Cabinet approves financial support to BHEL

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has recently approved a proposal of R&D project for development of Advanced Ultra Super Critical (AUSC) Technology for Thermal Power Plant with an estimated cost of INR.1554Cr and providing one time budgetary support of INR.900Cr spread over a period of three years, commencing from 2017-18, to be provided as plan Gross Budgetary Support to BHEL for implementation of the R&D project.
A Consortium of three Government Entities, namely Bharat Heavy Electricals Limited (BHEL), Indira Gandhi Centre of Atomic Research (IGCAR) and National Thermal Power Corporation (NTPC) have proposed a R&D project for development of AUSC Technology for Thermal Power Plants of future, envisaging reduced coal consumption as well as Carbon Di-Oxide (CO2) emission.
The project is formulated with a time cycle of two and a half years, with an estimated cost of INR 1554Cr, with a contribution of INR 270Cr from BHEL, INR 50Cr from NTPC, INR 234Cr from IGCAR, INR 100Cr from Department of Science and Technology (DST). Balance amount of INR 900Cr will be contributed by Department of Heavy Industry (DHI) as grant. Use of this technology in all future large power plants will ensure energy security for the country for a longer period, along with a greener environment.

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