The Hindu Business Line : Areva in talks with Govt, BHEL, L&T

Bangalore June 12 French power major Areva is in "extensive discussions" with the Indian Government and several Indian companies such as BHEL and L&T for possible supply of equipment to help "develop nuclear power activity" in India, said Mr Karim Vissandjee, Chief Financial Officer, Areva T&D (transmission and distribution).

On the sidelines of the inauguration of the company's transformer factory in Hosur, near Bangalore, Mr Vissandjee told Business Line that the company would provide products and help construct nuclear power plants in the country. Vouching for nuclear power, he said, "Nuclear power is safer, cleaner and carbon-dioxide free. In France, for instance, 70 per cent of its power requirements are met by nuclear energy."

Mr Rathin Basu, Country President, Areva T&D India, said Areva was hoping for a favourable outcome to the Indo-US nuclear deal.

Areva provides its clients technology solution for nuclear power generation and electricity transmission and distribution.

T&D Global hub

Areva's T&D unit hopes to make India its "global hub for global engineering, exports, manpower and prototyping," said Mr Vissandjee.

He added, "The Indian power sector is poised for a quantum leap and we are geared up to support this enormous challenge."

He said, "Areva T&D India contributes about 9 per cent of Areva T&D's order intake and we are aiming to grow this to 14 per cent by 2010."

The instrument transformer plant will see an investment of over Rs 100 crore and will employ around 300 people. This is the company's third manufacturing unit in Tamil Nadu and the ninth in the country.

The Hosur plant is expected to produce high voltage instrument transformers up to 800 kV and medium voltage transformers in the 145-245 kV range. It will also manufacture line traps up to 800 kV capacity and condenser bushings for power transformers up to 400 kV.

The revenues of Areva T&D India are Rs 2,000 crore. The global revenues of Areva T&D are over 3.7 billion and it contributes to over one-third of Areva's revenues.

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