JSW to foray into nuclear power generation

"Nuclear power would be a very good thing. We want to foray into the area. We are talking to global majors," Jindal said today.        

The Group, through its power generation subsidiary JSW Energy, would either enter into a joint venture or may ink a technological tie-up with a global major for this purpose.        

Jindal declined to name its foreign partners saying, "These are confidential issues".        

In early stages of negotiation, JSW has not yet firmed up plans of its proposed power generation portfolio from nuclear energy sources.        

"Each turbine normally generates 1,000 Mw and we are yet to decide how many turbine we will put up. It is still early days and we don't know how many turbines we will build," Jindal said.        

Jindal, the newly elected President of the industry body Assocham, would lead a delegation to the Prime Minister Manmohan Singh next week urging him to formulate strategy to allow private sector enter into the sector.