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Global nuclear majors eye India; sector may be opened up now

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  • Indian powerhouses

    Larsen & Toubro: The only manufacturers of reactors in India at present, the company has been meeting global energy companies in the field

    Jindal Power: Wants to foray into nuclear power and is in talks with global majors. The group plans to either enter into a joint venture or a technology tie-up with a global major

    NPCL: The government-owned corporation currently operates 14 nuclear power units at six locations and is implementing construction of eight nuclear power plants

    Other Indian cos that intend to or are likely to emerge as big players include Reliance Power, state-owned NTPC, and the Tata Group

    Punj Lloyd: With a client like Simon Carves UK which has experience in nuclear facilities, Punj Lloyd expects opportunities in ancillary industries

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    World wants a piece

    With commerce worth billions of dollars expected to be opened up, four of the world’s biggest nuclear power station makers will be keen to supply reactors to India. These are France’s Areva, The US’s General Electric, Toshiba’s Westinghouse Electric and Russia’s atomic energy agency Rosatom. Two large Russian nuclear power sector companies are Atomstroiexport and AtomEnergoProm

    Powering up

    Following India’s nuclear isolation since 1998, capacity utilisation of the country’s 4,120-MW power plants had reduced from 90 per cent in 2001-02 to 54 per cent in 2007-08. With the NSG approving the Indo-US civil nuclear deal, India could get off the ground with about 6-8 reactors with a capacity of 1,000 MW each during the Twelfth Plan period (2013-18). This could diversify the country’s power generation portfolio.

    ... contd.

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