BHEL, NPCL floats JV for nuclear power projects

NEW DELHI: State-run BHEL and Nuclear Power Corporation on Friday signed an MoU to float a joint venture company for executing nuclear power projects in India and abroad.

The projects would be undertaken on engineering, procurement and construction basis.

The ownership of the JV and the financial details will be jointly worked out by the two partners later.

"We will be putting in an investment of Rs 200-250 crore in the joint venture. The JV is looking for a technological partner, which would be an international company," BHEL chairman and managing director K Ravi Kumar told reporters here.

The JV will use BHEL's expertise in manufacturing nuclear power equipment. "We will use BHEL's Bhopal facility. We are already making up to 540 MW turbine and steam generators and testing 700 MW turbines and steam generators," Kumar said.

The JV will start production in one and a half years.