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Mumbai, Nov 13 (UNI) Engineering and construction major Larsen&Toubro (L&T) has signed an agreement with Mitsubishi Heavy Industries Limited (MHI) of Japan for transfer of technology for the manufacture of super critical boilers that can meet the requirements of the mega power projects being planned for the country.

A company's release issued here today said with this move, the company is poised to become a comprehensive player in the Power Sector and its plans in the power sector include the full spectrum from power project development to manufacture of power plant equipment and construction. The investment in this venture will be of the order of Rs 450 crore, the release added.

Under the agreement MHI will grant an exclusive licence and transfer the know-how and technical information to the Power Business Unit of L&T. The areas covered under this pact include design, engineering, manufacture, testing, inspection, erection, installation, operation, commissioning, repair, services and retrofitting of super critical boilers including pulverisers.

The licence that is for a period of 20 years would cover output range from 300 MW to 1,000 MW for nominal super critical coal fired thermal power plants. MHI has also expressed interest to be a JV partner of L&T in this business area.

Use of supercritical parameters in large power plants results in decrease of turbine cycle heat rate thereby increasing the operating efficiency. This leads to reduced fuel consumption and helps in conservation of fast depleting fuel resources. Supercritical parameter monitoring also helps in reducing emissions, especially of green house gases - a major environmental concern these days.

The MHI Group is a leading industrial house in Japan with a turnover around USD 25 billion. It has diverse manufacturing interests that includes - power equipment, chemical and machinery plants, material handling systems, transportation systems, waste treatment, steel structures, ships and machine tools.

UNI SN MJ VKG1745