MUMBAI (Reuters) - India’s largest private utility, Tata Power Co. Ltd., is in talks with French nuclear group Areva about sourcing nuclear power equipment, chairman Ratan Tata said on Wednesday.
India currently does not permit private utilities to generate nuclear power, but the government has said it would allow them to partner state-run nuclear firms.
“Tata Power has alignments with some major nuclear equipment suppliers like Areva,” he told a meeting of shareholders.
Tata said the company was studying various aspects of nuclear technology as it waited for clarity from the government on the participation of private firms in nuclear power generation.
“We will be as ready as anybody might be,” Tata said.
India and the United States have negotiated a civil nuclear cooperation deal that would give India access to U.S. nuclear fuel and equipment to help meet the energy needs of its 1.1 billion people.
Tata said the company, which is planning a 4,000 MW power plant in western India, is set to sign a contract with Japan’s Toshiba for the supply of large-sized turbines.
Tata Power currently generates more than 2,300 megawatts (MW) of power and distributes 850 MW in New Delhi.
Tata said the company plans capital expenditure of 100 billion rupees ($2.5 billion) over the next three years, and wants to add 10,000 MW of power generation capacity by 2013.