The Russian Atomic State Corporation Rosatom is seeking for partners in India to set up a joint venture (JV) for manufacturing of equipment for nuclear power plants (NPPs), Vladimir Kashchenko, the Director General of the Russian company Atomic and Power Engineering (Atomenergomash) said.

“It is not only production of equipment for the nuclear power, but we also plan to manufacture equipment for conventional power plants,” Reuters quotes Kashchenko as saying.

At present, Russia is negotiating with several leading sector players in the Indian market, according to Kashchenko. “We wouldn’t like to name specific companies, but we are negotiating with leaders of the Indian market,” he said, adding that the Indian JV could form the basis for Atomenergomash to produce equipment for other markets in Asia, as well as Africa.

Kashchenko also said that by December 2010 it is planned to open an Indian division of the company, and by April 2011 the Indian partners of Atomenergomash will be finally determined.

The Indian Government has signed agreements in the nuclear power field with several states, including Russia, France and the USA, and representatives of this sector in each of the countries pretending to have a significant share of the Indian market are strongly rivaling for it.

Source: RBK