Business Daily from THE HINDU group of publications
Wednesday, Oct 15, 2008
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Electrical Goods
Industry & Economy - Power
Corporate - Outlook
GE gears up for civil nuclear play

Plans include setting up new reactors, plant services.


On shortlist

GE’s nuclear unit is among the four short listed firms for placement of order by state-owned NPCIL for new Light Water Reactor capacities

GE also plans to provide fuel existing and new nuclear power plants


Anil Sasi

New Delhi, Oct. 14 General Electric Co is in the fray for contracts in India across the nuclear power generation cycle, including setting up new reactors and plant services, as well as providing fuel for existing and new nuclear power plants, a senior company executive said.

GE’s nuclear unit, which is a joint venture that is 40 per cent owned by Japan’s Hitachi Ltd, is among the four short listed firms for placement of order by state-owned Nuclear Power Corporation of India Ltd (NPCIL) for new Light Water Reactor (LWR) capacities on the anvil.

“GE is eager to explore new business opportunities for civilian nuclear power in India, including new reactors and plant services, as well as providing fuel for existing and new nuclear power plants,” Mr Kishore Jayaraman, CEO, GE Energy, said in response to an e-mail query.

While GE was silent on the issue of reprocessing of spent fuel, the Department of Atomic Energy (DAE) has clearly spelt out its position that any new imported LWR capacity to be set up in India would have to be accompanied by access to fuel reprocessing technology.

“There is no question of getting into a situation where spent fuel is allowed to pile up. Not even a single mega watt of LWR capacity would be set up in the country without fuel reprocessing assurances… This is an absolute precondition for us engaging with any foreign reactor vendor,” a senior DAE official told Business Line. He said the DAE’s position has been clearly spelt out to all the reactor manufacturers in the fray for contracts in India.

GE, the world’s largest power equipment maker and a major nuclear reactor player, plans to offer both the ABWR (Advanced Boiling Water Reactor) and the new ESBWR (Economic Simplified Boiling Water Reactor) in India. “Our ABWR and ESBWR designs would provide India’s Government and industry with technology offering to best fit the needs of the Indian nuclear industry,” Mr Jayaraman said.

On its strategy to compete with Russian and French players, Mr Jayaraman said: “India has demonstrated in a variety of sectors that it is interested in working with the world’s most innovative and competitive private sector enterprises, as evidenced by GE’s strong record in India.”

Related Stories:
NPCIL to go into details with 4 reactor suppliers
Indian cos pitch for localisation of imported nuclear tech

More Stories on : Electrical Goods | Power | Outlook

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page




Hiring

Stories in this Section
Northeast monsoon winds fan into South China Sea


The travails of 3G services
Short-term strength in rupee
Tata Communications (Rs 494.85): Buy
Day Trading Guide
GE gears up for civil nuclear play
Gartner sees cut in IT budgets in 2009
Gold ETF asset base gains 12% in September
‘Domestic factors to pressure Indian banks’
RBI moves to inject liquidity to MFs; banks not enthused
Liquidity situation is comfortable: Subbarao
Markets pare early gains on State polls announcement
Tata Motors buys majority stake in Norwegian firm
Ad spend on big-ticket items may dip this festive season


Smartbuy



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line