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Article: India: Alstom to pick stake in Bhel-Nuclear Power JV.

Article from:
TendersInfo
Article date:
September 3, 2009
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Byline: rakshali03

The first tranche of foreign investment in the Indian nuclear sector will come from France. Bharat Heavy Electricals (Bhel) and Nuclear

Power Corporation of India (NPCIL) have picked Alstom of France as partner in a three-way joint venture. It will manufacture equipment for uranium-fed power plants.

Bhel and NPCIL, which are 50:50 partners in a joint venture, may offload up to 30 per cent equity in it to Alstom. Bhel chairman and managing director K Ravi Kumar, however, denied to comment on the issue. We have identified our technology partner. The talks are in advanced stage. There are certain small issues, which will be ...

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