By IANS
Mumbai : Pune-based energy solution provider Thermax Ltd has signed a technical transfer license agreement with Babcock and Wilcox, an American energy products and service provider.
The deal, covering a period of 15 years, grants Thermax the right to manufacture and sell sub-critical B and W Radiant utility boilers in India.
Thermax can now manufacture boilers up to 800 mw. The engineering and production of the units would be executed at Thermax’s new manufacturing plant in Gujarat.
In a filing with the Bombay Stock Exchange Tuesday, Thermax said in the last 20 years of business relationship between the two companies, this was the first time they come together to bring proven technology in private and public power generation sector.
The boilers will be used to generate steam in thermal power plants, primarily owned by independent power producers. The units can be designed to fire a variety of fossil fuels including pulverised coal, fuel oil, natural gas and synthesis gases such as blast furnace gas and coke oven gas.