GE hopes to build at least one Indian nuclear plant

GE hopes to build at least one Indian nuclear plant
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First Published: Mon, Nov 09 2009. 11 28 AM IST
Updated: Mon, Nov 09 2009. 11 28 AM IST
New Delhi: General Electric Co expects to build at least one nuclear power plant in the country following last year’s US-India civil nuclear cooperation pact, a senior official said on Monday.
“We hope that we will get at least one site, order to develop that site,” Tejpreet Chopra, president and chief executive of GE India, Bangladesh and Sri Lanka told reporters.
In July, US secretary of state Hillary Clinton had said Delhi had approved two sites for US companies to build nuclear power plants, offering American companies the first fruits of last year’s landmark agreement.
GE is also not focusing on its earlier target to achieve $8 billion in revenues from India in 2010, Chopra said.
“We don’t have that target anymore. We are not putting out any target anymore. There is so much uncertainty and volatility in the market.”
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First Published: Mon, Nov 09 2009. 11 28 AM IST