Alstom may partner BHEL-NPCIL joint venture

Last Updated: Tuesday, September 8, 2009 - 16:44

New Delhi: State-run BHEL is believed to have finalised France`s Alstom as the technological partner for its proposed joint venture with Nuclear Power Corporation of India to undertake nuclear power projects.

"The global technology partner in the proposed BHEL-NPCIL JV in all likelihood would be Alstom," a source close to the
development said.

Alstom`s induction is likely to be formally announced
next month. The technological partner may be offered equity in
the JV, but details were not available.

State-run power equipment maker BHEL and NPCIL signed an
agreement in April 2008 to form a joint venture for providing
engineering, procurement and construction services in nuclear
power sector.

BHEL is focusing on nuclear power generation and is
exploring technology tie-ups for manufacturing turbine and
generator sets. The turbines would be manufactured at the
company`s Bhopal unit.

The company is manufacturing nuclear heat exchangers for
the JV company, which has already tied-up with GE-Hitachi for
making nuke reactors.

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First Published: Tuesday, September 8, 2009 - 16:44

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