GE Steam Power ties up with BHEL for Rs 1288 crore for nuclear steam turbines, 14 crore homes to get electricity

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New Delhi . Energy sector company GE Steam Power has entered into a big deal with state-owned engineering firm Bharat Heavy Electricals Limited (BHEL). This agreement has been signed for the supply of three nuclear steam turbines. Giving this information in a statement on Tuesday, the company said that the amount of the deal is $ 165 million (Rs 1288 crore).

The company said that GE Steam Power has acquired Nuclear Power Corporation of India Ltd. (NPCIL) has signed a $165 million contract with BHEL for the supply of three nuclear steam turbines out of six units for the first phase of its domestic nuclear programme. These units are being developed in Gorakhpur, Haryana and Karnataka.

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14 crore houses will get electricity
The in-house program includes 12 units of 700 MW capacity being developed by NPCIL along with its own nuclear reactor ie Pressurized Heavy Water Reactor (PHWR), the statement said. Overall, this will generate 8.4 gigawatts of carbon dioxide free electricity, which will provide electricity to 140 million homes.

GE and BHEL had signed a business cooperation agreement and a license and technology transfer agreement in 2018 to manufacture nuclear mass turbines of 700 MW capacity. Now this new deal has happened under this agreement.

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agreement is important to us
GE Steam Power said, “Nuclear power is an important and one of the most reliable sources of carbon-free electricity. It provides round the clock power supply without any interruption. We are proud to partner with BHEL. We will continue to support NPCIL and India for a reliable and low carbon energy future. We have our own Sanand plant equipped with necessary facilities. It has enough capacity to meet the nuclear aspirations of India’s domestic programme.”

Tags:, Deals of the Day, Nuclear Device, Nuclear Energy

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