BHEL to invest Rs 2000 cr for new plant

Last Updated: Thu, Dec 13, 2012 16:20 hrs

New Delhi, Dec 13 (IBNS) Bharat Heavy Electricals Limited (BHEL), a state-owned power equipment manufacturer, is contemplating to set up a total integrated plant starting from poly-silicon to photo-voltaic (PV) systems including silicon wafer, solar cell and module, involving an investment of approx. Rs. 2,000 crore, said Minister for Heavy Industries & Public Enterprises Praful Patel on Thursday.

However, as the indigenous manufacturing capacities set up by other domestic manufacturers are being grossly under-utilized due to cheaper imports from China, BHEL's investment plans have been put on hold," Patel told the Parliament.

"However, the BHEL Board has recently approved, in-principle, a proposal for manufacturing PV modules. Future investments will be made after a incentive for domestic industry are put in place by the Government," he said.

"To check Chinese domination in this sector, Directorate General of Anti-Dumping & Allied Duties, Ministry of Commerce & Industry has issued notification No.14/5/2012-DGAD dated 23.11.2012 regarding ´Initiation of Anti-Dumping Investigation concerning imports of Solar Cells whether or not assembled partially or fully in Modules or Panels or on glass or some other suitable substrates, originating in or exported from Malaysia, China PR, Chinese Taipei and USA´," said the minister.

More from Sify: