L&T-Westinghouse JV to make nuclear reactors in India
16 January 2009
Engineering and construction major Larsen & Toubro Ltd has signed a memorandum of understanding (MoU) with Westinghouse Electric Company of the US for building nuclear power reactors in India.
L&T will undertake the fabrication and construction of nuclear plants of up to 1,000 mega Watt capacity in India as per design provided by Westinghouse.
Westinghouse will also provide engineering and procurement of major components, the company said in a statement.
The companies plan to build Westinghouse's AP1000 pressurised-water reactors, Westinghouse said in a statement. The details of the venture are being worked out, Larsen's senior sxecutive vice president MV Kotwal said at a media briefing.
The agreement will allow the companies to utilise indigenous capabilities for the construction of nuclear power plants, including supply of reactor equipment and systems, L&T said in the statement.
Westinghouse, a group company of Japan's Toshiba Corporation, is a major supplier of nuclear power plants the world over. Nearly 40 per cent of nuclear power plants operating across the world use Westinghouse technology, L&T noted in the statement.