Joint-Venture Partnerships Set to Boost India’s Nuclear Industry Growth

• Publication date: February 2010

Joint-Venture Partnerships Set to Boost India’s Nuclear Industry Growth Summary Joint-venture partnerships will significantly boost India’s nuclear industry growth. Following the NSG waiver clearing barriers for nuclear trade relations with India, the nuclear power industry has been witnessing several joint venture activities. The country has set an imposing target of achieving an installed capacity of 20 GW by 2020 and 6...

Joint-Venture Partnerships Set to Boost India’s Nuclear Industry Growth

Summary

Joint-venture partnerships will significantly boost India’s nuclear industry growth. Following the NSG waiver clearing barriers for nuclear trade relations with India, the nuclear power industry has been witnessing several joint venture activities. The country has set an imposing target of achieving an installed capacity of 20 GW by 2020 and 63 GW by 2030. The total size of the Indian nuclear power market will be around $40 billion by 2020 with a growth rate (AAGR) of 9.2% in installed nuclear capacity during 2008–20. Nuclear companies across the globe plan to have their respective shares of this lucrative market. International companies have already formed joint venture partnerships and technology tie-ups with domestic companies aimed at tapping the market potential of the Indian nuclear power industry. The total investments made by some of the companies are to a tune of around $1.30 billion following the Indo-US nuclear deal in 2008.

Scope

- The study discusses the potential growth in the Indian nuclear power industry, in context with growing joint-venture (JV) partnerships.
- It discusses the number of partnership agreements by Indian companies, along with the planned and completed JV partnerships during 2008-2009.
- It also briefs about foreign companies’ tie-ups with domestic players and their impact on the Indian nuclear power industry.

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Nuclear Energy Industry in India

1 Table of contents
1 Table of contents 2
1.1 List of Tables 4
1.2 List of Figures 5
2 GlobalData Viewpoint 6
2.1 Summary 6
3 Joint-Venture Partnerships set to Boost India’s Nuclear Industry Growth 7
3.1 Indian Nuclear Industry Witnesses Increased Joint-Venture Activities 7
3.1.1 Foreign Companies Tie-Up with Domestic Players for Technology Transfer 9
3.2 Indian Nuclear Power Industry Will Grow 10
4 Recent Developments 12
4.1 Bharat Electronics Plans To Enter Nuclear Power Business 12
4.2 L&T Aims To Receive INR60 Billion Nuclear Orders Annually 12
4.3 Nalco To Invest INR10 Billion In NPCIL's Future Projects In India 13
4.4 NPCIL Estimates INR1,000 Billion In Investment For 10,000 MW Capacity By 2020 13
4.5 NPCIL To Borrow $6.5 Billion For Nuclear Reactors 14
4.6 NPCIL, NALCO Sign MoU To Set Up Nuclear Power Plants In India 15
5 Financial Deals Landscape 15
5.1 Bharat Heavy Electricals Enters Into Joint Venture With NPCIL And Alstom 15
5.2 BHEL To Enter Into Partnership With AREVA And Bharat Forge 15
5.3 Nuclear Power Corporation Partners WIth KazAtomProm 15
5.4 GE Hitachi Nuclear Signs Partnership Agreements With NPCIL And BHEL 15
5.5 Larsen & Toubro To Form Joint Venture With Atomic Energy of Canada 15
5.6 Larsen & Toubro Enters Into Joint Venture With Nuclear Power Corporation Of India 15
5.7 Indian Oil Corporation Enters Into Joint Venture With Nuclear Power Corporation of India 15
6 Appendix 15
6.1 Methodology 15
6.2 About GlobalData 15
6.3 Contact Us 15
6.4 Disclaimer 15

1.1 List of Tables
Table 1: India, Planned and Completed Joint Venture Partnerships, 2008–09 9
Table 2: Bharat Heavy Electricals Enters Into Joint Venture With NPCIL And Alstom 15
Table 3: BHEL To Enter Into Partnership With AREVA And Bharat Forge 15
Table 4: Nuclear Power Corporation Partners WIth KazAtomProm 15
Table 5: GE Hitachi Nuclear Signs Partnership Agreements With NPCIL And BHEL 15
Table 6: Larsen & Toubro To Form Joint Venture With Atomic Energy of Canada 15
Table 7: Larsen & Toubro Enters Into Joint Venture With Nuclear Power Corporation Of India 15
Table 8: Indian Oil Corporation Enters Into Joint Venture With Nuclear Power Corporation of India 15

1.2 List of Figures
Figure 1: India, Number of Partnership Agreements 8
Figure 2: India, Nuclear Power Industry Growth, MW, 2000–20 11