Two French firms Alstom and Schneider Electric have jointly bid for acquiring transmission and distribution business of Paris-based Areva for an equity value of euro 2,290 million (about Rs 16,000 crore).
Areva, the French nuclear group, agreed on Wednesday to supply India with up to six nuclear reactors in one of the first deals since the subcontinent's nuclear programme was brought into the international fold last year after decades of isolation.
Power company Alstom Projects India Ltd on Tuesday said it has received a binding offer from Areva for the purchase of its transmission & distribution (T&D) operations in India for a total consideration of 22.31 million euros.
Areva has 60-Mw of biomass-based power capacity in India. It is looking to also tap the market for nuclear power in a big way.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
William D Gallo, president and chief executive officer, tells Sanjay Jog they propose to make India a hub to source solar technology for their international operations.
India and France on Friday signed 17 agreements, including on the stalled nuclear project in Jaitapur in Maharashtra, after Prime Minister Narendra Modi held wide-ranging talks with French President Francois Hollande.
Marking a breakthrough in the protracted talks in the French Rafale jet deal, Prime Minister Narendra Modi announced on Friday that India will purchase 36 of these fighter planes that are ready to fly, citing critical operational requirement of the Indian Air Force.
Membership of Nuclear Suppliers Group ensures continued availability of fuel sufficient to operate India's nuclear plants.
This would make India the world's second-biggest nuclear energy market after China
The Nuclear Power Corporation of India Limited (NPCIL) and French company Areva signed an agreement RPT signed an agreement for building two European Pressure Reactors at Jaitapur in Maharashtra after talks between Prime Minister Manmohan Singh and visiting French President Nicolas Sarkozy.
Pips French co for third-largest German wind power company.
Chirac said that such a move will allow companies like Areva SA to supply nuclear plants to meet India's growing energy needs.
Under a 2010 nuclear liability law, nuclear equipment suppliers are liable for damages from an accident, which companies say is a sharp deviation from international norms
During the talks with Prime Minister Narendra Modi, French President Francois Hollande reassured reliable, uninterrupted and continued access to nuclear fuel supply throughout the entire lifetime of the plants while acknowledging India's need for the same.
President Francois Hollande's visit to India on Thursday saw a protest against French-assisted Jaitapur nuclear power plant by activists who alleged that proper safety measures had not been adopted in the project to prevent a Fukushima like disaster.
India has a huge power demand and needs to replace polluting coal, as source on energy
Prime Minister Narendra Modi met top French business leaders with an aim of bringing French investment and technologies to India.
Modi has made nuclear power a key element of his clean energy strategy
The Communist Party of India-Marxist on Tuesday demanded an immediate halt to the setting up of a nuclear power project in Jaitapur and the environment clearance given to it, saying the crisis in nuclear reactors in Japan following the tsunami warranted a re-examination of the project.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
Contrary to perception, the cost of nuclear power based on imported fuel and equipment will be "comparable" to that from the conventional power plants, says Shreyans Kumar Jain, chairman and managing director of the Nuclear Power Corporation of India.
NPCIL executive director (corporate planning) S Thakur said fuel supply to its plants is now much better compared to the situation 2-3 years ago.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
Delhi's inability to open up a new canvas with Pakistan and Sharif is symptomatic of its sluggish thinking. Jyoti Malhotra analyses
About 4 GW of new nuclear power capacity is under construction in India
'Despite frequent high-level interactions there has been little traction on substantive issues between India and France,' says Mohan Guruswamy.
The government must justify why we need to buy foreign reactors when we have developed up to 700 MWe unit-size pressurised heavy water reactors, a design which can be easily extended to 900 to 1000 MWe unit size. Why can't the 'Make in India' philosophy apply to indigenous nuclear reactors, more than 18 of which have been designed, built, and being operated by Indian engineers, asks Dr A Gopalakrishnan.
Several nuclear power projects held up for the lack of such an insurance pool can now be expected to move forward.
'The India-France relationship has been that of the elites of two countries, who appreciate each other's philosophical traditions -- whether it is ancient Indian civilisation and Sanskrit texts or the French tradition of Rene Descartes, Albert Camus, (Jean-Paul) Sartre... This is a drawback. It doesn't create the buzz, the excitement necessary for a relationship. We need more people-to-people contact, especially among students,' says former Ambassador to Paris, Rakesh Sood.
Hollande will be arriving in Chandigarh on January 24 where he is expected to be received by Prime Minister Narendra Modi.
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