JSW to foray into nuclear power generation

JSW to foray into nuclear power generation
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First Published: Thu, Jul 24 2008. 09 45 PM IST
Updated: Thu, Jul 24 2008. 09 45 PM IST
Surya Sarathi Ray / PTI
Mumbai: Days after the trust vote in the Parliament which has paved the way for the Manmohan Singh Government to push ahead the Indo-US Nuclear deal, Sajjan Jindal-owned JSW Group announced its intention to foray into the nuclear power sector.
“Nuclear power would be a very good thing. We want to foray into the area. We are talking to global majors,” Jindal told PTI.
The Group, through its power generation subsidiary JSW Energy, would either enter into a joint venture or may ink a technological tie-up with a global major for this purpose.
Jindal declined to name its foreign partners saying, “These are confidential issues”.
In early stages of negotiation, JSW has not yet firmed up plans of its proposed power generation protfolio from nuclear energy sources.
“Each turbine normally generates 1,000 MW and we are yet to decide how many turbine we will put up. It is still early days and we don’t know how many turbines we will build,” Jindal said.
Jindal, the newly elected President of the industry body Assocham, would lead a delegation to the Prime Minister Manmohan Singh next week urging him to formulate strategy to allow private sector enter into the sector.
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First Published: Thu, Jul 24 2008. 09 45 PM IST