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GE exploring business in civil N-power

US energy major General Electric is exploring business opportunities for civilian nuclear power in India, including nuclear reactors and plant services.

business Updated: Sep 21, 2008 22:43 IST

US energy major General Electric (GE) is exploring business opportunities for civilian nuclear power in India, including nuclear reactors and plant services.

GE is also interested in providing fuel for both existing and new nuclear power reactors, the company's Regional Executive Kishore Jayaraman said replying to a question whether the company preferred technical cooperation or turnkey project arrangements with India.

"We are interested in pursuing more detailed exchanges with Nuclear Power Corporation of India (NPCIL) as soon as permitted under the US law," he said.

Collaboration with Indian vendors would be an important element of GEH's (GE Hitachi Nuclear Energy) approach to Indian power plants and could have the potential for broader worldwide cooperation in some cases, Jayaraman said.

"We believe that India's expanded nuclear industry will potentially create significant opportunities for both Indian and US companies, including reactor, fuel, and service opportunities for GE," the executive said.

Asked what would be the cost of energy per unit, he said that there were many variables to consider before any estimates can be arrived upon, he said.