NPCIL To Provide Nuclear Equipments

DELHI, INDIA (GaeaTimes.com)- NPCIL has been joined by the French energy equipment supplier Alstom Power in a tripartite joint venture agreement to contribute a total of 45,000 MW of power for the Indian market. Reportedly, the agreement signed between NPCIL (Nuclear Power Corporation of India Limited) and Alstom Power also has BHEL (Bharat Heavy Electricals Ltd) as the third party.

Guy Chardon who happens to be the Senior Vice President of Alstom Power told the media that the joint venture tripartite agreement with BHEL and NPCIL has been finalized from all ends and has been handed over to the Atomic Energy Commission for review. APIL which serves as Alstom Power’s Indian body shall be setting up a new joint venture company with BHEL and NPCIL which shall serve to provide technical support and run nuclear turbines in the Indian market. On a primary basis, the joint venture company shall focus to provide turbines for a total of eight units of 700 MW (Mega Watt) each of which are being developed by NPCIL. It is speculated that the value of the total supply would rest somewhere round Rs 6,000 crore. India on a whole shall be crafting eight nuclear reactors (700 MW) for the prominent states of the county which includes Haryana, Rajasthan and Gujarat.

Besides, the joint venture company shall be looking after the nuclear projects which are currently under development in accordance to the India-US Civil Nuclear Agreement. Guy Chardon also said that BHEL shall supply the nuclear turbines for all NPCIL projects. Apart from the tripartite joint venture agreement with NPCIL and BHEL, Alstom Power has also entered a joint venture with Bharat Forge in Mundra town.