French energy equipment major Alstom on Thursday said it has finalised a tripartite joint venture agreement with state-run BHEL and Nuclear Power Corporation of India, a development that would help the company to tap about 45,000 MW of Indian nuclear power market.
"Joint venture tripartite agreement with BHEL and NPCIL has been finalised and is being reviewed by the Atomic Energy Commission," Alstom Power Senior Vice President (Thermal Products) Guy Chardon told reporters.
Alstom's Indian arm APIL, power equipment maker BHEL and Nuclear Power Corporation of India Ltd (NPCIL) are setting up a joint venture company to provide technical support and supply turbines to nuclear power projects in India.
"We will be one-third equity partner in the joint venture company with a capital of 25 million euro ... We want the agreement to be finalised as quickly as possible," said Chardon, who is here for the inauguration of turbine manufacture facility of Alstom.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/Alstom-JV-with-BHEL-NPCIL-to-supply-equipment-to-nuclear-project/articleshow/6086145.cms
Thursday, June 24, 2010
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