Indian Economy News

Kirloskar Oil Engines Ltd and MTU Friedrichshafen sign MoU

Chennai: Kirloskar Oil Engines Ltd (KOEL), India's largest engine and genset manufacturer, and MTU Friedrichshafen, GmbHsigned a Memorandum of Understanding (MOU) on 27 January 2015. The Memorandum of Understanding (MoU) announced exclusive cooperation on the building and commissioning of emergency diesel gensets (EDG) for possible future requirements of Nuclear Power Plants (NPP) in India.

During his visit to Friedrichshafen, Germany, on the occasion of the signing, Rajendra R Deshpande, Executive Director, Kirloskar Oil Engines Ltd, said, "The signing of this strategic MoU with MTU keeps us prepared for the next phase of EDG-NPPin India." He further added,"KOEL being the largest genset manufacturer in India, this technological association with MTU will further strengthen KOEL's dominance in the area of back up gensets."

"Working together with KOEL, we see good chances of gaining entry into the emergency genset market for nuclear power stations in India," said Dr Michael Haidinger, CSO of Rolls-Royce Power Systems.

According to the agreement, MTU Friedrichshafen, GmbHwill supply MTU engines and key components, and take responsibility for basic engineering and genset configuration. KOEL will integrate the systems and assemble and test the gensets on site in India. KOEL has already delivered 20 emergency gensets to nuclear power plants in Indiaand is today the only Indian company supplying high capacity gensets to NPCIL. MTU has successfully completed numerous projects in the field of nuclear power and its emergency gensets operate in several nuclear power plants in Europe, China and Russia.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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