NTPC looking at tie up with ABB

New Delhi: Power major NTPC Ltd is eyeing at getting into alliance with ABB for its entry into power generation from renewables, particularly the wind energy sector. The company is in negotiations with ABBand a tie-up could be on the anvil. NTPC has lined up plans to infuse Rs 6,000 crore for establishing 1,000 MW of renewable energy capacity over the next ten years. The company plans to infuse a bulk of its renewable energy resources and has already marked a foray, the key thrust area would be wind energy.

ABB is one of the world''s largest independent suppliers of internal components, controls and grid connections for wind-generated power projects. The company''s product mix for wind turbines comprises generators, converters, transformers, switchgear, low voltage products, motors and cables. NTPC is likely to go in for onshore wind power projects in the first phase, with the possibility of offshore wind farms hoped to be looked at subsequently.