The transfer of technology will cover the manufacture of super critical boilers to meet the requirements of the mega power projects being planned for the country. With this move, L&T hopes to play a major role in the Indian power sector. The expected investment in the joint venture between L&T and MHI is approximated at Rs.450 crore. The 20-year licence would cover an output range from 300 MW to 1000 MW or nominal super critical coal-fired thermal power plants. So, one can just hope that this agreement will help in meeting the demands of a power hungry country like India.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
