Ministry of Heavy Industries & Public Enterprises04-April, 2008 20:22 IST
BHEL and NPCIL sign MoU to float JV Company in Nuclear Power Generation
Bharat Heavy Electricals Limited (BHEL), the largest engineering and manufacturing enterprise in India in the energy sector and Nuclear Power Corporation of India Limited (NPCIL) have signed a Memorandum of Understanding (MoU) to form a Joint Venture Company for carrying out engineering, procurement and construction activities for Nuclear Power Plants (Conventional Island) here today. Shri Sontosh Mohan Dev, Minister for Heavy Industries and Public Enterprises, Shri Prithviraj Chavan, Minister of State, PMO, Dr. Anil Kakodkar, Chairman, Atomic Energy Commission, Dr. S.N. Dash, Secretary, Ministry of Heavy Industries and CMDs of both the companies were present on this occasion.

The two companies will work jointly to complement their respective core strengths in the areas of nuclear power generation to meet the growing energy needs of the country. The JVC 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.

Shri Sontosh Mohan Dev, Minister for Heavy Industries and Public Enterprises, said in his speech, “with our economy growing at 8-9% per annum, growing urbanization and rising prosperity, the demand of electricity is outpacing existing sources of supply. Options available for commercial electricity generation are hydro, thermal & nuclear. In the energy planning of the country, a judicious mix of hydro, thermal & nuclear is an important aspect. Diversified energy resource base is essential to meet electricity requirements and to ensure long-term energy security. With the limited resources of coal and oil available in the country and with growing global concerns of green house gases generated by fossil fuel fired stations, nuclear power will be required to play a greater role in medium and long term perspective”.

The Minister further stated that the target for nuclear installed capacity in the country is to reach a level of 48,000 MW to 63,000 MW by the year 2030 from a present level of only 4120 MW. This massive nuclear development programme of the country shall provide good business opportunities to this JV Company and in view of renaissance of nuclear power all over the world, can become a hub for supply of equipment and services for nuclear power projects.

MG:RTS:CP:bhel(4.4.2008)
(Release ID :37122)