Power equipment maker BHEL said on Thursday it is scouting for a third partner for its existing joint venture with the Nuclear Power Corporation and is in talks with foreign companies including Alstom and Siemens, for manufacturing turbines f or nuclear power plants.

Mr K Ravi Kumar CMD of BHEL said that “The joint venture company will identify the partner in a month's time we are talking to a number of European and German players to join as a third partner in BHEL-NPCIL alliance.”

BHEL has been focusing for quite some time now on nuclear power generation and has said that technology tie ups are being explored for high rating (700/1000/1600 MW) turbine generator sets through its JV with NPCIL.

The turbines would be manufactured at BHEL's Bhopal unit and the third partner, which would be a technology provider, may pick up some equity stake as well. He said that “The third company may be given equity in the JV without divulging the percentage share.”

(Sourced from Business Line)