1.00 (0.03%) Larsen & Toubro (L&T) and France-based AREVA have signed a Memorandum of Understanding (MoU) for cooperation to maximize localization for the EPR Nuclear Power Plant to be built at Jaitapur in state of Maharashtra. AREVA’s EPR nuclear reactor is a 3rd Generation advanced pressurized water reactor.
The MoU with AREVA represents a major step forward for L&T in the field of Pressurized Water Reactor technology. This is a significant addition to L&T’s existing capabilities and the lead role it has played in equipment manufacture, construction and project management for Pressurized Heavy Water Reactors in India’s domestic nuclear power program.
The MoU covers the prospect of partnership between L&T and AREVA in manufacturing key nuclear island equipment, valves, piping, electrical, instrumentation and engineering work. Through this partnership, AREVA will transfer technology to utilize the forging capabilities of L&T Special Steels & Heavy Forgings (a joint venture with Nuclear Power Corporation of India).