Thermax in JV with Babcock & Wilcox

Thermax Ltd has announced a strategic joint venture with Babcock & Wilcox (B&W), a global leader in power generation industry to manufacture supercritical boilers for the Indian power sector. The joint venture willl also manufacture sub-critical boilers over 300 Mw in size. Thermax will hold 51 per cent in the joint venture while US based B&W  will hold 49 per cent.

The joint venture will bring Thermax' expertise of integrating energy and environmental solutions and B&W's laong history of providing proven, state of athe art power generation technoloy and world class project management capabilities.

Supercritical boilers operate at higher pressures than sub critical boilers increasing efficiency and producing more energy from the same amount of fuel. The super critical boilers will be manufactured in a new facility that is being planned. The plant with an annual capacity of 3000 Mw equivalent in the first phase will indigenize the technology and contribute to local component development.