Rolls-Royce & L&T join hands for nuclear energy
Larsen & Toubro Limited (L&T) and Rolls-Royce have signed a Memorandum of Understanding (MoU) for cooperation to effectively address the projected need for light water reactors (LWR) in India and internationally. LWR technology is in use in over 60% of civil nuclear power plants operating worldwide.
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.
The cooperation 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.
Lawrie Haynes, Rolls-Royce, President – Nuclear, said: "India has developed an impressive nuclear capability over the last 34 years which rivals that of any country. India is a key strategic market for Rolls-Royce and I am very pleased that we are working with Larsen & Toubro, one of the country’s most pre-eminent engineering companies. Our skills and capabilities are complementary and I am confident that we can forge a strong and mutually beneficial relationship."
MV Kotwal, Senior Executive Vice-President and board member, L&T, said: "The agreement brings together rich experience and will effectively leverage the strengths of both the companies to tap rapidly emerging opportunities in India, UK and rest of world. We welcome this opportunity to work together with Rolls-Royce, a highly-reputed, technology-driven company."
The agreement between Rolls-Royce and L&T follows the recent bilateral Civil Nuclear Cooperation Declaration by the Indian and UK Governments, which enables UK and Indian industries to engage in civil nuclear commerce.