In a policy shift, the government proposes to make domestic procurement of power generation equipment mandatory for all bidders of ultra mega power projects (UMPPs) that enjoy the benefit of domestic coal linkage. The move is aimed at helping domestic equipment manufacturers such as Bhel, L&T, BGR Energy, JSW and Bharat Forge. It is also expected to encourage setting up of new manufacturing facilities for electrical equipment in India to cater to the growing demand from the power sector.The Prime Ministers Office has given its nod for the proposal and the power ministry would now move a note for approval of the Cabinet committee on Economic Affairs (CCEA), a top source in power ministry said.
Source: Financial Express
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