The stage is set for the incorporation of Nizampatnam Industrial Port City Complex (NIPCCO) as a special purpose vehicle to pave way for an investment of Rs. 6,000-8,000 crores in a minor port and a 1,000 mega watt thermal power plant close by, both in Guntur district.NIPCCO is promoted by Skoda Export Company Limited, an entity of the Czech Republic, its Indian arm, Skoda India and Government-owned Investment Corporation of Andhra Pradesh (INCAP). The project was set in motion following the visit of Czech Prime Minister Mirek Topolanek to Hyderabad last year when a memorandum of understanding was signed.
Nizam Patnam