Nuvia gets foothold in Indian market

Thursday, 30 September 2010

France's Nuvia group has entered into a partnership agreement with PL Engineering of India to offer nuclear engineering and support services, initially to the Indian market but later worldwide. 

 

Punj and Stubler after signing the  partnership deal

In a joint statement, the companies said, "The partnership agreement will lead to the creation of a new joint venture company to deliver quality nuclear engineering and operational support services to the global market." They added, "The JV will focus initially on providing services to the growing Indian nuclear sector and will later look at the global market."

 

"This JV will bring the Indian know-how and resources together with global nuclear skills and experience which will introduce a new dimension to the supply chain," the companies said. "This in turn will address the complex resource demands of the planned nuclear new build and refurbishment programs."

 

PL Engineering - part of diversified international conglomerate Punj Lloyd group - said that it has made a strategic decision to enter the nuclear supply chain following the acceleration of the Indian nuclear program with the introduction of new international reactor vendors. According to the design and engineering services company, "The skill sets and experience in working in highly regulated market sectors such as oil and gas are readily transferable to the emerging nuclear sector."

  

Nuvia chairman Jérôme Stubler said, "We intend to play our part in India's nuclear expansion and are delighted to have entered into a partnership with the Punj Lloyd group to leverage the existing opportunities in the Indian nuclear sector."

 

Nuvia - part of Soletanche Freyssinet, itself part of the Vinci construction group - recently signed a partnership with British shipbuilder Cammell Laird towards cooperation to win nuclear construction work.

 

The companies said they would "join forces to bid for contracts for the fabrication of heavy modules and components for new nuclear plants." While Cammell Laird will bring manufacturing capability, Nuvia will provide the nuclear expertise. The pair said they were interested in modular construction work in the UK market and that preparation for bids was already underway.

 

Researched and written

by World Nuclear News