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Home arrow News arrow Power and Energy arrow Alstom and Bharat Forge to form JV to manufacture power plant equipment
Alstom and Bharat Forge to form JV to manufacture power plant equipment Print E-mail
Written by Vijay   
Tuesday, 11 November 2008
New Delhi: Alstom, the global power systems manufacturer and service provider, and Bharat Forge Ltd (BFL), a global leader in manufacturing and metal-forming, today announced their decision to set up a joint venture company for manufacturing state-of-the-art supercritical power plant equipment in India. Alstom and BFL have warmly welcomed the recent initiatives of the Government of India to introduce a major structural transformation of the Indian power sector. Both organizations, with their strong technological orientation, want to work together towards making India a hub for power equipment manufacturing. The intent to join hands for this venture has recently been conveyed to the Government of India.

This joint venture is a significant step forward in reinforcing the Indian Government's vision of a new India

The Joint Venture will design, engineer, manufacture and deliver turbine and Generator Island of 600-800 MW supercritical range with a total installed capacity of 5 GW per annum. Both the partners have agreed to explore manufacture of turbines and generators in sub-critical range as well as for gas and nuclear applications. The manufacturing infrastructure will include plants for manufacturing of turbine, generators and all the auxiliaries that go into turbine Generator Island. The arrangement between Alstom and Bharat Forge involves setting up of two companies – the first JV Company for manufacturing of core turbine and generators and the other for manufacturing of all the auxiliaries.

The Alstom – Bharat Forge partnership will aim to deliver efficient and high quality equipment capable of satisfying the country's demand for power while taking into account the worldwide drive for better protection of the environment.

Mr. Philippe Joubert, President, Alstom Power Systems, termed the partnership as"a meeting of two profoundly committed manufacturing giants". "Alstom is delighted to work in partnership with BFL to help introduce a paradigm change in the power sector landscape. This joint venture is a significant step forward in reinforcing the Indian Government's vision of a new India, strongly committed to high growth with selfsufficiency in power, based on cleaner and more efficient technologies."

Strong technological orientation towards making India a hub for power equipment manufacturing

Commenting on the joint venture, Mr. B N Kalyani, Chairman & Managing Director, Bharat Forge Ltd., said "Bharat Forge's foray into state-of-the-art power plant equipment manufacturing is geared towards meeting crucial needs of the region including a robustly growing Indian economy. We are delighted to be partnering with Alstom, a global leader in the world of power generation equipment and services that sets the benchmark for innovative and environmentally friendly technologies. Both the organizations are committed to use their trans-continental strengths and worldclass capabilities to deliver in India an array of advanced class generating equipment in sub and supercritical space setting global benchmarks in reliability and efficiency,", he added..

More details about comprehensive partnership, such as the manufacturing program, investment size and location, etc. would be made public after necessary regulatory approvals in India and Europe.

Alstom provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, gas, coal, nuclear and wind with around a quarter of the global generating capacity to its credit and also builds the fastest trains and the highest capacity automated metro in the world. The Group employs more than 76,000 people in 70 countries, and had orders of € 23 billion in 2007/08. Alstom has been present in India for almost 100 years, with extensive presence in engineering and manufacturing activity in Hydro and Boilers.

 
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