To form joint venture for engineering, procurement and construction activities
NEW DELHI: Seeking to synergise their respective strengths, Bharat Heavy Electricals Ltd. (BHEL) and Nuclear Power Corporation of India Ltd. (NPCIL) on Thursday inked a memorandum of understanding (MoU) to form a joint venture company (JVC) to provide services for nuclear plants in India and abroad.
The joint venture entity will carry out engineering, procurement and construction (EPC) activities for nuclear power plants on mutually beneficial terms. Through the joint venture company, the two companies will work jointly to complement their respective core strengths in the areas of nuclear power generation at a crucial juncture when the nation is looking at adding huge power generating capacities from nuclear energy to meet the growing energy needs.
The MoU was signed by K. Ravi Kumar, Chairman and Managing Director (Additional Charge), BHEL, and S. K. Jain, Chairman and Managing Director, NPCIL, in the presence of Anil Kakodkar, Chairman, Atomic Energy Commission, and Secretary, Department of Atomic Energy (DAE), and Satyanarayana Dash, Secretary, Heavy Industry. Union Minister for Heavy Industries and Public Enterprises Santosh Mohan Dev and Minister of State in the Prime Minister’s Office Prithviraj Chavan were also present on the occasion.
Mr. Chavan said Government was open to private companies and other PSUs joining hands with NPCIL with a minority stake to explore the nuclear technology areas subject to Cabinet approval.
The joint venture will explore and evaluate the various technology options available for steam turbine generator sets of 700 MWe rating and above and also help in development of BHEL as an indigenous source capable of designing and manufacturing steam turbine generator sets of these ratings to meet the needs of various nuclear projects proposed to be set up in the country in future.
BHEL is at present executing several contracts for Nuclear Power Corporation for equipment supply and erection including a prestigious contract for the turbine generator and secondary side equipment for the first prototype fast breeder reactor (PFBR) of 500 MW rating being set up by Bharatiya Nabhikiya Vidyut Nigam Ltd. (BHAVINI) at Kalpakkam in Tamil Nadu.