GE hopes to build at least one Indian nuclear plant

Mon Nov 9, 2009 5:34am GMT
 
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NEW DELHI, Nov 9 (Reuters) - General Electric Co (GE.N) expects to build at least one nuclear power plant in the country following last year's U.S.-India civil nuclear cooperation pact, a senior official said on Monday.

"We hope that we will get at least one site, order to develop that site," Tejpreet Chopra, President and Chief Executive of GE India, Bangladesh and Sri Lanka told reporters.

In July, U.S. Secretary of State Hillary Clinton had said Delhi had approved two sites for U.S. companies to build nuclear power plants, offering American companies the first fruits of last year's landmark agreement.[nSP187929]

GE is also not focusing on its earlier target to achieve $8 billion in revenues from India in 2010, Chopra said.

"We dont have that target anymore. We are not putting out any target anymore. There is so much uncertainty and volatility in the market."

(Reporting by Devidutta Tripathy; Editing by John Mair)

((prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com)) Keywords: GE/NUCLEARPLANT

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