L&T, US firm sign pact on nuclear reactors
By IANSThursday, January 15, 2009
MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has signed an agreement with the US-based Westinghouse Electric to build nuclear power reactors, the company said Friday.
In a regulatory statement, L&T said 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 comes in the wake of the agreement signed between India and US last year on cooperation in the field of civilian nuclear power.
