Nuclear Power Corp in Talks with Indian Oil and Nalco

10 September 2009 (Last Updated September 10th, 2009 18:30)

Nuclear Power Corp. of India is in talks with Indian Oil Corp and National Aluminium (Nalco) to convince the two companies to invest in the nuclear power monopoly's upcoming power projects, NPCIL chairman SK Jain has announced. He also said that NPCIL and Bharat Heavy Electricals are in

Nuclear Power Corp. of India is in talks with Indian Oil Corp and National Aluminium (Nalco) to convince the two companies to invest in the nuclear power monopoly's upcoming power projects, NPCIL chairman SK Jain has announced.

He also said that NPCIL and Bharat Heavy Electricals are in technology transfer talks with France's Alstom SA (ALO.FR), US-based General Electric Co. (GE) and Germany's Siemens AG for a nuclear turbine joint venture, reports Dow Jones.

NPCIL and state-run power equipment maker Bharat Heavy are believed to be seeking a third partner for a 700MW nuclear turbine manufacturing joint venture in India.

Jain said each company will hold a 33% stake in the joint venture.