Bharat Heavy Electricals Limited (BHEL) announced that it has signed a Memorandum of Cooperation (MoC) with Electricité de France S.A., France (EDF), a French state-owned company and a nuclear operator. The MoC will enable the two companies to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6×1650 MWe) to be established by NPCIL in India. 

“Bharat Heavy Electricals Limited (BHEL) and Electricité de France S.A., France (EDF), a French state-owned company and largest nuclear operator worldwide, have signed a Memorandum of Cooperation (MoC) to explore the opportunity to maximize the local content of the Jaitapur Nuclear Power Plant Project (6×1650 MWe) to be established by NPCIL in India,” the company said in a regulatory filing. 

The Jaitapur Nuclear Power Plant Project in Maharashtra is a light water reactor and has a capacity of 9.6 gigawatts and aims to provide electricity to around 70 million households.

Further, BHEL and EDF will also explore larger collaborations for the European Pressurized Reactors (EPRs) and for the NUWARD SMR (Small Modular Reactor), the company added. 

Earlier this month, BHEL reported its second quarter earnings wherein it posted net loss at Rs 238.1 crore against a profit of Rs 12.1 crore in the year-ago period. BHEL’s revenue for the period under review fell 1.5 per cent to Rs 5,125.3 crore from Rs 5,202.6 crore during the same period last year.