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L&T signs MoU with Westinghouse for Modular Nuclear Power Reactors

19 Jan 2009 Evaluate

L&T and US-based Westinghouse Electric Company (WEC) have signed a Memorandum of Understanding for co­operation to effectively address the projected need in India for Pressurized Water Nuclear Reactors with Modular construction technology. Westinghouse technology is in use in over forty per cent of the operating nuclear power plants in the world.

 

Whereas L&T has been playing a lead role in equipment manufacture, construction and project management for Pressurized Heavy Water Reactors in India's domestic program, this MoU with Westinghouse represents a major step forward in Pressurized Water Reactors of modular design. It will enable L&T as well as WEC to utilize indigenous capabilities for the Turnkey Construction of nuclear power plants including supply of reactor equipment and systems, valves, electrical & instrumentation products and fabrication of structural, piping and equipment modules for the Westinghouse AP 1000 plants.

 

The recent agreement between India & USA regarding co­operation in the field of civilian nuclear power has opened up new opportunities for Larsen & Toubro. Both L&T and Westinghouse are optimistic about the growing opportunities in India and around the world.

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Peers
Company Name CMP
Larsen & Toubro 3845.00
Kalpataru Projects 1397.60
NCC 133.45
Rail Vikas Nigam 207.00
KEC International 395.45
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