TBEA to set up transformer plant near Vadodara
China's largest manufacturer of high voltage transformers, Tebian Electric Apparatus Stock Co Limited (TBEA) plans to set up high-voltage electric transformers and solar power equipment manufacturing plant near Vadodara.
A delegation of the Chinese company met chief minister Narendra Modi in Gandhinagar on Thursday, and discussed their plans for the state.
TBEA Transformer Industrial Group chairman Zhang Xin, and TBEA Shenyang Transformer group chairman Ye Jun, submitted papers related to their planned project to the chief minister. They said they were happy to participate in the state's development.
They revealed that construction work was planned to start in September, while the plant would be commissioned by September
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"The company requires around 100 acre of land, and has identified two - three sites near Vadodara for the plant. It is likely to select the final site soon and start work on the project," said a government official.
According to officials, TBEA plans to invest $500 million - approximately `2,300 crore - for setting up its manufacturing base in Gujarat.
The company has been a major supplier of transformers and reactors to the country in recent years. However, it is now looking to setup a manufacturing base in India in wake of Power Grid Corporation of India Limited's decision to let overseas equipment suppliers participate in its tenders only if they have manufacturing unit in India.
Also present during the meeting were principal secretary to CM, K Kailashnathan, principal secretary (energy) DJ Pandian, iNDEXTb MD Mukesh Kumar, among others.
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