Power equipment maker BHEL said on Thursday it is scouting for a third partner for its existing joint venture with the Nuclear Power Corporation and is in talks with foreign companies including Alstom and Siemens, for manufacturing turbines f or nuclear power plants.
Mr K Ravi Kumar CMD of BHEL said that “The joint venture company will identify the partner in a month's time we are talking to a number of European and German players to join as a third partner in BHEL-NPCIL alliance.”
BHEL has been focusing for quite some time now on nuclear power generation and has said that technology tie ups are being explored for high rating (700/1000/1600 MW) turbine generator sets through its JV with NPCIL.
The turbines would be manufactured at BHEL's Bhopal unit and the third partner, which would be a technology provider, may pick up some equity stake as well. He said that “The third company may be given equity in the JV without divulging the percentage share.”
