Technology companies are competing to win a rising number of nuclear power contracts as India plans to increase the share of nuclear power generation from 4% to 9% in the next 25 years.
The cost of designing and building a power plant that can generate 1GW of power is expected to range between $2bn and $4bn, according to India’s Economic Times.
At an average rate of $30 per hour, there is a requirement for 90 million to 226 million engineering hours in India.
QuEST Global chief marketing officer Bejoy George told the newspaper that engineering content would constitute about 9% to 10% of the total cost of designing and building a nuclear power plant.
The engineering work includes building turbine generators, mechanical, civil structures, instrumentation, laying pipes and cables and the design of the plant.
Indian nuclear research organisations have already requested proposals and a few US and European companies are also looking for engineering partners in India.
India aims to generate about 20,000MW through nuclear energy by 2020.