State-run BHEL is exploring the possibility of formation of a separate finance company as a joint venture with a strategic partner to finance power projects.
"We may go for a separate investment arm for BHEL for funding power sector projects ... lets see what works out," he said adding that the NBFC can target the opportunities in overseas markets also," he added.
BHEL floated the tender for appointment of the consultant a couple of days and is likely to do the appointment in a month from now. "We may finalise the consultant in a month," he added.
BHEL is currently engaged in manufacturing power equipment, transportation and auto components.
At present, the company manufactures equipment that can generate 15,000 MW of electricity and is planning to augment this capacity to 20,000 MW by March, 2012.
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