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The two 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
Larsen & Toubro (L&T) and Rolls-Royce have inked a memorandum of understanding (MoU) for co-operation to effectively address the projected need for light water reactors (LWR) in India and overseas, reports PTI.
LWR technology is in use in over 60% of civil nuclear power plants operating world-wide.
L&T is an engineering and construction company and Rolls-Royce is a global power systems firm. The two 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 press release 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 UK and Indian industries to engage in civil nuclear commerce, the release said. .
“The agreement brings together rich experience and will effectively leverage the strengths of both the companies to tap rapidly emerging opportunities in India, the UK and the rest of world,” L&T's senior executive vice-president and Board member, MV Kotwal, said.
The 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 programme, it said.
“India is a key strategic market for Rolls-Royce and I am very pleased that we are working with Larsen & Toubro,” said Lawrie Haynes, president (nuclear), Rolls-Royce.