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Home arrow News arrow Power and Energy arrow L&T signs MoU with Atomstroyexport for Nuclear Power Reactors
L&T signs MoU with Atomstroyexport for Nuclear Power Reactors Print E-mail
Written by Vijay   
Thursday, 16 April 2009
Mumbai : Larsen & Toubro (L&T) and Atomstroyexport (ASE) of Russia have signed a Memorandum of Understanding (MoU) for co-operation between the two companies for Russian design reactors VVER 1000. The MoU was signed by Mr.M.V. Kotwal, Member of the Board & Senior Executive Vice President of L&T and Mr. Dan Belenkiy President ASE in Moscow.

This MoU with ASE represents a major step for L&T into VVER component & systems manufacturing & services.

It will enable L&T as well as ASE to utilize indigenous capabilities for nuclear power plants including supply of equipment and systems, valves, electrical & instrumentation products and fabrication of structural and piping and construction for the Russian VVER plants in India and in other global locations.

The MoU will form the basis of co-operation between the companies and address needs for equipment & other services arising from the agreement signed between India & Russia on 5th December 2008, for four additional reactors KK3-6 at Kudankulam, Tamil Nadu and other Russian reactors at new sites in India.

L&T has been playing a leading role in equipment manufacture, construction and project management for Pressurized Heavy Water Reactors in India’s domestic nuclear programme. L&T is the only Indian company to be accredited by ASME (American Society of Mechanical Engineers) to use its ‘N’ and ‘NPT’ stamps for critical nuclear reactor equipment. L&T played an important role in construction, piping & erection services for the KK1-2 VVER’s at Kudankulam.

According to the signed document L&T and ASE will develop co-operation in the construction of Kudankulam new power units, as well as during construction of plants under the Russian designs with VVER reactors at new sites in India, and also in other countries.

VVER are already licensed and are in operation in other countries, are being constructed and are intended to be constructed in many other countries. Both L&T and ASE are optimistic about the emerging opportunities and see the possibility of future co-operation, in India as well as abroad.

Atomstroyexport JSC (ASE) is the leading engineering company subordinated to the State Corporation Rosatom implementing intergovernmental agreements on constructing nuclear facilities abroad. Currently Atomstroyexport is implementing orders, which make over 20% of the world market volume, and is the only company performing contracts in four countries simultaneously: in China, India, Iran and Bulgaria. Atomstroyexport is supported by the half-century experience of Russian atomic industry and constructs NPPs of new generation compliant with international requirements and IAEA recommendations.

 
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