Alstom’s Switzerland-based arm Alstom Power is likely to enter into a $500-million joint venture with Bharat Forge to produce high-value, super-critical turbine/generator (TG) sets for thermal and nuclear power plants. The two are expected to sign an agreement soon to set up a manufacturing facility with an estimated capacity of 5,000 MW per annum.
The JV is looking for 1,000 acres of land for the production facility and is in talks with the state governments of Maharashtra, Gujarat and Tamil Nadu. Once the site is finalised, the proposed JV plans to roll out power equipment within three years.
While the JV company is expected to manufacture equipment for thermal power plants initially, Alstom could bring in its expertise in nuclear equipment as and when the segment opens up.
Read more in The Economic Times article.
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