October 8, 2010 / 12:08 PM / in 7 years

UPDATE 1-Rosatom scouting for equipment partners in India

* To form nuclear power equipment JV in India by April

* In talks with Indian power equipment makers for partnership (Adds details)

MUMBAI, Oct 8 (Reuters) - Russia’s nuclear agency Rosatom is looking for Indian partners to manufacture power equipment in the country, a top official at one of its units said on Friday.

“It is not only for manufacturing nuclear equipment, but we are planning to also manufacture balance-of-plant equipment for conventional power plants,” said Vladimir A. Kashchenko, director general and chief executive of unit Atomenergomash (AEM).

“We do not like to specify any individual company at the moment, but we are talking to leaders in the Indian market,” Kashchenko said on the sidelines of the India Nuclear Energy Summit 2010, without elaborating on any financial details.

India plans to add 63,000 megawatt nuclear power plants by 2032, while its present nuclear capability is at about 4,500 MW.

The Indian government has recently entered into civil nuclear pacts with several countries including the United States, Russia and France and nuclear equipment suppliers from these countries are competing for the share in the Indian market.

AEM had supplied two nuclear reactors of 1,000 MW each to India’s Kudankulam nuclear power plant in the southern Indian state of Tamil Nadu, built by sole Indian nuclear operator and state-run firm Nuclear Power Corp of India.

Kashchenko said that India’s norms regarding domestic manufacturing for foreign equipment suppliers was the main reason to have local partnerships.

He said the Indian manufacturing joint venture would serve as a base for AEM to supply power equipment to other Asian and African markets.

AEM will set up an India office by December and a partnership with an Indian company for nuclear equipment manufacturing is expected to be finalised by April next year, he said. (Reporting by Ketan Bondre; editing by Malini Menon)

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