Nuclear Power Corp, BHEL sign deal with GE-Hitachi

March 23rd, 2009 - 5:56 pm ICT by IANS  

Mumbai, March 23 (IANS) Nuclear Power Corp of India Ltd (NPCIL) and Bharat Heavy Electricals Ltd (BHEL) Monday inked two separate deals with GE-Hitachi to build nuclear reactors for power generation in India.
GE-Hitachi is a joint venture between the General Electric Co of the US and the Japan-based Hitachi Ltd.

Under the agreement, GE-Hitachi along with the Indian companies will begin planning for the necessary resources in manufacturing and construction management for a potential multiple-unit advanced boiling water reactor (ABWR) nuclear power station.

“We are delighted at having signed these agreements and see it as a great opportunity to extend our existing footprint in nuclear energy in India,” Kishore Jayaraman, chief executive of GE Energy India, Bangladesh and Sri Lanka, said in a statement.

The Mumbai-based NPCIL has already signed a Rs.600-billion agreement with France’s Areva for the supply of nuclear reactors.

The Indian companies aim to raise the country’s power generation capacity from the present 4,100 MW to 60,000 MW by 2032.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |