National Thermal Power Corporation (NTPC) on Wednesday announced that it would be setting up two new cement plants in partnership with private sector. The ventures will be executed through the formation of a special purpose vehicle with NTPC holding 26 per cent equity each in both the ventures and private sector taking the major share.
Giving this information here, Minister of State for Power, Jairam Ramesh, said the locations for the two cement plants had been decided at Barh (Patna district) in Bihar and Badarpur in Delhi with a capacity of around one million tonnes each.
NTPC last week said that it had invited expressions of interest (EoIs) from companies to partner the State-owned company in setting up four plants to manufacture cement using fly ash generated from its power stations. In addition, it will set up two fly ash brick building plants at Dadri, Vindhyachal and Sipat (Chhattisgarh). Fly ash is a major raw material used in cement manufacturing.