The first phase of NTPC and BHEL Power Project Private Limited (NBPPL), a PSU for manufacturing equipment for power generation, coming up at Mannavaram near Tirupati, will be ready by December 2012.

Talking to reporters after inspecting the works under progress along with NBPPL managing director Varma, chairman and managing director Anup Roy Choudhury.admitted that there was some delay in the works.

He, however, added that the works would be expedited so as to complete the first phase by 2012 and the final phase by 2015 or 2016.

He said the company was also mulling shifting its head office now at Delhi to the project site soon for expediting the works.

Replying to a query, he said there was no dearth of funds for the project proposed with an outlay of Rs 6,000 crore as NTPC and BHEL, both are Navaratna companies.

BPPL managing director Varma and Tirupati MP Chinta Mohan were also present

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