Russia has been involved in the development of nuclear and thermal power projects in India. Russian company Atomenergomash, which manufactures machinery and equipment for nuclear power plants, is betting big on India. In an interview with Sanjay Jog, Vladimir Kashchenko, general director, Atomenergomash, reveals future plans for India. Edited excerpts:
What are Russia’s plans for India?
According to Rosatom’s development programme, Russia plans to build a number of nuclear power units in India to compete efficiently with leading global companies.
How does Atomenergomash evaluate the Indian market?
Group of Companies “Atomenergomash” considers India as one of the most attractive markets in terms of growth and pace of nuclear power engineering development in the region. At present, 19 nuclear units, with 4.56 gigawatt (Gw), are operating. Four reactors, with 2.72 Gw, are under construction; breaking-in is planned in the nearest two years. India is expected to add 55-56 Gw by 2032. We evaluate Indian market at $120-150 billion.
We have ambitious plans in the thermal power sector. Group of companies “Atomenergomash” has stable references and competence in heat recovery steam generators and steam boilers production, particularly for coal burning, similar to Indian coal, which gives us strong competitive advantage.
What has been Atomenergomash’s experience with Indian energy companies?
Group of Companies “Atomenergomash” is traditionally present in India. The company took part in the construction of the first and second unit of Kundankulam NPP. Steam generators, high pressure heaters, heat exchangers and other main and auxiliary equipment were produced and supplied. Atomenergomash also has the references in the Indian thermal power sector. We have supplied equipment for thermal power plants, including coal boilers of different capacity.
Does Atomenergomash plan to set up a joint venture (JV) in India?
We will set up an office in India by December 2010 and a partnership with an Indian company for nuclear equipment manufacturing is expected to be finalised by April 2011. Our priority will be the nuclear power sector, but we are also planning to manufacture balance-of-plant equipment for conventional power plants. The JV would serve as a base for Atomenergomash to supply power equipment for Rosatom projects in India and to Asia-Pacific countries.
Have you selected any partner for the JV?
We do not want to specify any individual company at the moment, but we are interested to partner with the leaders of the industry.
Why did you decide to form a JV in India?
India’s norms regarding domestic manufacturing for foreign equipment suppliers were the main reasons to have local partnerships. Demands and needs of our clients and partners have also influenced our decision.
