L&T signs pact with Canadian firm on nuclear reactor
January 22nd, 2009 - 2:59 pm ICT by IANSNew Delhi, Jan 22 (IANS) Soon after signing a pact with the US-based Westinghouse Electric to build nuclear reactors recently, engineering and construction major Larsen and Toubro (L&T) has signed a similar agreement with Atomic Energy of Canada Ltd (AECL), the company announced Thursday.The new agreement, however, is subject to final approval of a bilateral nuclear cooperation agreement between the governments of India and Canada.
“L&T and AECL want to develop a competitive cost model for the ACR 1000 (nuclear reactor). Upon the completion of the model, L&T and AECL agree to begin discussions to develop nuclear power plants in India and utilise the capacity in global markets,” the Indian major said in a regulatory statement.
Last week, L&T announced an agreement with Westinghouse Electric to build nuclear power reactors, saying the pact would enable the two companies “utilise indigenous capabilities for the turnkey construction of nuclear power plants including supply of reactor equipment and systems”.
Westinghouse technology is in use in over 40 percent of operating nuclear power plants globally, the statement added. A Toshiba Corp group company, the US firm supplies nuclear plant products and technologies to utilities across the world.
The deal came in the wake of the agreement signed between India and US last year on cooperation in the field of civilian nuclear power.
- L&T signs pact with GE Hitachi for nuclear plants - May 19, 2009
- Larsen and Toubro in pact with Russian firm for nuclear plants (Lead, Changing Dateline) - Apr 15, 2009
- L&T, US firm sign pact on nuclear reactors - Jan 16, 2009
- L&T; executes first US order for nuclear equipment - Nov 14, 2011
- L&T inks pact with Rolls-Royce for nuclear business - Apr 01, 2010
- Canada now eyes India as partner in global nuclear market - Dec 01, 2009
- Abu Dhabi gas company signs contract with India's L&T; - Dec 20, 2011
- Infotech inks pact with n-energy firm Westinghouse - Apr 28, 2010
- We can build n-plants up to 3,000-4,000 MW: L&T - Sep 29, 2009
- NPCIL, NALCO ink deal for nuclear plants - Nov 09, 2011
- On energy prowl, India to dig into Kazakh oil treasure - Apr 15, 2011
- L&T forms JV for power transmission in South Africa - Sep 23, 2010
- Westinghouse talks with Indian companies for n-business - Feb 03, 2010
- Indian companies discuss nuclear MoUs with Canada - Feb 26, 2011
- India, Japan conclude first round of nuclear talks - Jun 29, 2010
Tags: acr, aecl, atomic energy of canada, canada ltd, civilian nuclear power, final approval, global markets, group company, larsen and toubro, nuclear cooperation agreement, nuclear plant, nuclear power plants, nuclear power plants in india, nuclear power reactors, nuclear reactor, nuclear reactors, pact, toshiba corp, turnkey construction, westinghouse electric