Thursday, June 24, 2010

NUCLEAR: L&T + RR JV

L&T’s heavy engineering skills have already made it the partner of choice for the nuclear power reactor manufacturers that are eyeing the Indian market. Industry leaders Westinghouse-Toshiba and GE-Hitachi of the US, AEC of Canada, and Rosatom of Russia have already signed MoUs to partner L&T in building reactors in India.
L&T has also signed agreement Rolls-Royce to collaborate in nuclear instrumentation and controls, reactor components, in-service reactor support and waste management. L&T will obtain these capabilities for light water reactors, which currently comprise 60% of the world’s installed nuclear capacity.
Rolls-Royce already has a nuclear certified supply chain of more than 260 companies. The company provides advice and technical engineering support to governments and reactor operators in Europe and the US, including all 58 operating nuclear reactors in France.
L&T is currently the only Indian company that is globally certified for manufacturing nuclear power generation equipment, having obtained the American Society of Mechanical Engineers (ASME) Nuclear-stamp. Rolls-Royce’s existing presence in the international nuclear industry would offer L&T the marketing partnership for supplying nuclear plants outside India.


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