Monday, November 29, 1999

NTPC to float $4.2 bln equipment tender - paper

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India's top power producer NTPC Ltd, plans to float a $4.2 billion tender for the supply of super critical equipment manufactured in India, the Mint newspaper reported on Tuesday.The equipment will help the state-owned power producer achieve higher plant efficiencies and economies of scale, the report said.The tender will be for around 8 units of 800 megawatts each, it added."The specifications are ready. We will send the notice inviting tender documents to the power ministry for their approval, who in turn will take cabinet approval for this," the report quoted a senior unnamed company official as saying.(Writing by Janaki Krishnan; editing by Malini Menon)(For more business news on Reuters Money visit http://www.reutersmoney.in)

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