Power equipment maker Thermax Ltd has entered into a joint venture with US-based Babcock & Wilcox Power Generation Group to make supercritical steam boilers, two sources with knowledge of the deal said on Wednesday.
Thermax sees openings in renewable energy
Thermax already has a technology partnership with Babcock & Wilcox to make boilers up to 300 megawatt.
In August 2009, it formed a joint venture with diversified US manufacturer SPX Corp to provide air pollution control systems for power plants above 300 megawatts and energy efficiency equipment.
