Mr. C.P. Singh appointed CMD of NTPC BHEL Power Projects Pvt. Ltd. (NBPPL)

Mr. C.P. Singh, Director (Engg., R and D) on the Board of India's largest engineering enterprise, BHEL, has been appointed Chairman and Managing Director of the newly formed Joint Venture company NTPC BHEL Power Projects Private Limited (NBPPL).

A graduate in Mechanical Engineering from the Institute of Technology, Banaras Hindu University with a Post Graduate Diploma in International Management, Mr. Singh joined BHEL in 1970 and rose to the position of Director (E,R and D) in September, 2006.

With more than 38 years of professional experience, Mr. Singh has an outstanding track record in the field of leading product groups, manufacturing, technology transfer, in-house technology development, project execution, general management and HR, among others. Mr. Singh has been instrumental in setting new benchmarks in executing prestigious EPC power projects viz. Panipat, Parichha TPS, as well as gas turbine-based projects in Libya.

The appointment comes at a time when the country has set an ambitious power capacity addition target of over 78,000 MW in the 11th Plan.

The objective of setting up this JV Company, as per the Articles of Association of the company, is to go for EPC Power Plant business and also establish capability of the company for Balance of Plant (BoP) manufacturing with backward integration for manufacture of power plant equipment for turbine generators, boilers, etc.

The Joint Venture Company - NBPPL will have a capacity of 5,000 MW per annum by 2014-15 with a likely investment of Rs.60,000 Million (approx). The resultant turnover is likely to touch Rs.100,000 Million by the year 2015 and will reach Rs.200,000 Million (US dollars 5 billion) by the year 2020.

With the setting up of this JV company, NTPC, BHEL and the JV company will lead to total synergy in fulfilling the power needs of the country.

NBPPL is planning to dilute its shares up to 50 per cent with a view to invite private partners to improve overall effectiveness and efficiency.