Nuvia India signs partnership with Punj Lloyd
Nuvia India Pvt Ltd, subsidiary of Nuvia, a French major providing engineering and technical support for the nuclear power sector, has entered into a partnering agreement with PL Engineering Limited to offer nuclear engineering and support services. PL Engineering is a Punj Lloyd Group Company that provides a full spectrum of design and engineering services in plant, product, infrastructure and nuclear sectors.
The partnering 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. The JV will focus initially on providing services to the growing Indian Nuclear sector and will later look at the global market.
Speaking on the agreement, Jerome Stubler, Chairman, Nuvia Group said, "We have over five decades of experience in supporting nuclear power plants and their infrastructure globally. We intend to play our part in India’s nuclear expansion programme and are delighted to have entered into a partnership with the Punj Lloyd Group to leverage the existing opportunities in the Indian nuclear sector. This is an important milestone in the developments we have planned for Nuvia India."
Given the emphasis on accelerating the civil nuclear power program in India and the political encouragement on international collaboration, Nuvia has committed itself to establish a significant base in India in collaboration with the Punj Lloyd Group to offer its engineering and technical support services and range of specialist products to the global nuclear market.
Speaking on the agreement, Atul Punj, Chairman, Punj Lloyd Group said, "We are extremely pleased to partner Nuvia and further strengthen the existing bilateral relations between France and India. This alliance will open new opportunities and ensure a rapid entry into a market that demands high levels of quality and attention to detail, which we are very familiar with in our present areas of operation."
PL Engineering has made a strategic decision to enter the nuclear supply chain following the acceleration of the Indian nuclear programme with the introduction of new international reactor vendors. 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.
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. This in turn will address the complex resource demands of the planned nuclear new build and refurbishment programmes.