News Brief | November 2015
NTPC, BHEL look to expand presence in Africa
State-run power producer NTPC is exploring opportunities in Africa to get coal blocks under bilateral pacts between India and mineral-rich countries in the continent as it looks to secure fuel for its expanding local capacities.
During the upcoming India-Africa Summit forum in New Delhi starting October 26, the government proposes to give a big power push investment by Indian firms in energy rich Africa. Of 54 African states 52 have confirmed their participation, and 40 heads of state will represent their countries accompanied by high level delegations.
The agenda during the summit is to crack deals for two of its Maharatna PSUs NTPC and Bharat Heavy Electricals Ltd (BHEL).