Mumbai: Engineering major Larsen & Toubro and the UK’s power systems firm Rolls Royce have inked a memorandum of understanding to address the need for light water reactors (LWR) in India and abroad.
LWR technology is in use in over 60% of the civil nuclear power plants operating worldwide.
The companies have agreed to collaborate on areas, including nuclear instrumentation and controls, engineered products and systems, reactor components, engineering services, in-service reactor support and waste management, a release issued here said today.
The agreement between Rolls-Royce and L&T follows the recent bilateral Civil Nuclear Co-operation Declaration by the Indian and UK Governments, which enables industries of both the country to engage in civil nuclear commerce, the release said.
“The agreement brings together rich experience and will effectively leverage strengths of both the companies to tap rapidly emerging opportunities in India, UK and rest of the world,” L&T’s senior executive vice-president and board member, MV Kotwal, said.
Co-operation with L&T for instrumentation and controls will form the first operational phase of this relationship to bridge the gap in the existing supply-chain in support of India’s ambitious new build program,“ it said.
“India is a key strategic market for Rolls-Royce and I am very pleased that we are working with Larsen & Toubro,” Rolls-Royce, president(Nuclear), Lawrie Haynes, said.
L&T is a $8.5-billion engineering and construction company and Rolls-Royce is a global power systems firm.