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— Ramesh Sharma

Accord signed: Dr K.C. Jain (left), CMD, Nuclear Power Corporation Ltd, exchanging documents with Mr K. Ravi Kumar, CMD, BHEL, after the signing of an MoU in the Capital on Friday. Seated (from right) are: Mr Sontosh Mohan Dev, Minister for Heavy Industries, Mr Prithviraj Chavan, Minister of State in PMO, and Dr Anil Kakodkar, Chairman, Atomic Energy Commission.

Our Bureau

New Delhi, April 4 Bharat Heavy Electricals Ltd (BHEL) and Nuclear Power Corporation of India Ltd (NPCIL) on Friday signed a memorandum of understanding to float a joint venture company for executing engineering, procurement and construction (EPC) contracts for nuclear power projects in India and abroad.

The ownership of the proposed firm and the financial details would be worked out by the two partners in due course. The venture, which is expected to be operationalised around the end of 2009, is likely to rope in a technology partner.

“We will be putting in an investment of Rs 200-250 crore in the joint venture. The joint venture is looking for a technological partner, which would be an international company,” BHEL’s Chairman and Managing Director, Mr K. Ravi Kumar, told reporters here.

More Stories on : Alliances & Joint Ventures | Power | Bharat Heavy Electricals Ltd

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