Global N-equipment makers to benefit, too
The passage of the Indo-US nuclear deal by the US Senate has put the spotlight on the international nuclear equipment industry.
By Ashish Agrawal, TNN |
The passage of the Indo-US nuclear deal by the US Senate has put the spotlight on the international nuclear equipment industry. Assuming a relatively modest target of 20,000 mw of fresh capacity addition by 2020, the total investment required could be over Rs 120,000 crore. Among the companies that stand to benefit the most by supplying nuclear power plants to a powerstarved India are Toshiba, Areva, Hitachi, GE and Siemens besides Russian companies that are already build ing a plant in Koodamkulam Tamil Nadu. Indian compa nies, including L&T , Bhel and Walchandnagar, would also benefit, especially with their understanding of the local market and logistics.
One of the leading play ers in the international nu clear business is Areva NP (earlier Framatome) formed as a JV between Areva and Siemens in 2001. The original company, Framatome, has built over 90 reactors and accounts for about 30% of the world’s total nuclear capacity.
The pioneer in the nuclear industry is Westinghouse , the supplier of the world’s first reactor based on pressurised water technology in 1957. The company, earlier a subsidiary of British Nuclear Fuels, has now been taken over by Toshiba, another important player in the segment. Westinghouse has provided more than 40% of the world’s 434 operating commercial nuclear plants.
Among the other companies, Hitachi and GE announced a tie-up earlier this week. GE developed
the first reactor based on boiling water technology. The two companies have commissioned more than 60 reactors.
What differentiates nuclear equipment from other streams is the stringent quality requirements and elaborate testing procedures . This acts as an important entry barrier and there are very few, but large, players.
One of the leading play ers in the international nu clear business is Areva NP (earlier Framatome) formed as a JV between Areva and Siemens in 2001. The original company, Framatome, has built over 90 reactors and accounts for about 30% of the world’s total nuclear capacity.
The pioneer in the nuclear industry is Westinghouse , the supplier of the world’s first reactor based on pressurised water technology in 1957. The company, earlier a subsidiary of British Nuclear Fuels, has now been taken over by Toshiba, another important player in the segment. Westinghouse has provided more than 40% of the world’s 434 operating commercial nuclear plants.
Among the other companies, Hitachi and GE announced a tie-up earlier this week. GE developed
the first reactor based on boiling water technology. The two companies have commissioned more than 60 reactors.
What differentiates nuclear equipment from other streams is the stringent quality requirements and elaborate testing procedures . This acts as an important entry barrier and there are very few, but large, players.
ADVERTISEMENT
ET INTELLIGENCE GROUP Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
