Bharat Heavy Electricals Ltd will soon set up a joint venture with Nuclear Power Corporation of India Ltd and Alstom Ltd for setting up civil nuclear power plants in the country, Heavy Industries secretary Bhawani Singh Meena said on Thursday.
All the three companies will have 33.33% equity each in the joint venture, which would get approval from department of atomic energy within a month, Meena said.
The investment details are being worked out, Meena said, adding the joint venture was conceived a couple of years ago but government was awaiting the passage of nuclear liability Bill for the joint venture to take off.
The bill was passed in last monsoon session of Parliament
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http://www.financialexpress.com/news/Bhel-in-JV-with-NPCIL---Alstom-for-N-plant/686729/
Thursday, September 23, 2010
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