Thermax in joint venture with SPX Corp

Announcing about the new partnership here on Wednesday Unnikrishanan said that for the Indian power sector,the new company will provide a synergy of Thermax expertise in integrating energy and environment engineering with SPX technology solutions for large infrastructure projects. “With this Joint Venture,the country will now have a world-class supplier for power plant accessories and balance of plant equipment – a critical factor for our power starved economy,” says Unnikrishnan.

Thermax already has an earlier technology licensing agreement with Balcke-Durr,signed in 2007,for electrostatic precipitators up to 300 MW applications. The joint venture with the new licensing agreement will now provide technology solutions above the 300 MW range for large power plants.

The company said that in the initial phase,it will provide air pollution control systems for power plants above 300 MW – namely,ESPs and bag filters; and also energy efficiency equipment called rotary heat exchangers and equipment for reducing the SOx-NOx emissions from power plants.

“The new range of the Thermax-SPX ESPs will offer higher efficiencies by tackling the challenge of high ash content in Indian coal. They will help power plants to meet increasingly more stringent emission norms,being benchmarked with international standards,” he said.

Drew Ladau,president of SPX’s Thermal Equipment and Services said,

“We are excited about our Indian initiative as it translates our vision of providing infrastructure ideas and clean technologies for expanding economies. Our partnership with Thermax will add value to our offerings in the Indian market.”