Videocon eyes nuclear power sector

September 8th, 2008 - 4:06 pm ICT by IANS  

New Delhi, Sep 8 (IANS) Electronics, white goods and home appliance major Videocon Industries, along with some 40 other business houses, are talking with the government to allow private players in the nuclear power sector, a top company official said here Monday.”This is a huge business opportunity for India as power is one of the booming sectors that requires maximum investment in near future,” Videocon chairman and managing director Venugopal Dhoot told reporters.

“There are power regulatory issues but we are hopeful that the government will come up with some mechanism to allow private player,” said Dhoot, who is also a past president of the industry lobby Assocham (Associated Chambers of Commerce and Industry).

According to him, the nuclear power sector could generate revenues of around Rs.200,000 crore (Rs.2,000 billion or $50 billion).

Dhoot said more than 40 Indian business houses including his own have expressed interest in nuclear power projects, which Assocham estimates will generate about 40,000 MW of energy.

The government is expected to announce guidelines on setting up nuclear power projects shortly.

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