Friday, April 2, 2010

L&T, Rolls-Royce to collaborate in nuclear sector

Engineering and construction major Larsen & Toubro (L&T) and global power systems company Rolls-Royce have signed a memorandum of understanding (MoU) for cooperation to addess the projected need for light water reactors (LWR) in India and internationally.

LWR technology is in use in over 60 per cent of civil nuclear power plants operating worldwide, a joint press release issued by the two companies said here today.

It said the two companies had 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 programme, he said.

Mr. Lawrie Haynes, Rolls-Royce, President - Nuclear, said India had 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," he said.

Mr. M.V. Kotwal, Senior Executive Vice-President and Board Member, L&T, said the agreement brought together rich experience and would effectively leverage the strengths of both the companies to tap rapidly emerging opportunities in India, the United Kingdom and the rest of the world.

"We welcome this opportunity to work together with Rolls-Royce, a highly-reputed, technology-driven company," he said.

The agreement 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, the release said.

Rolls-Royce is a leading provider of power systems and services for use on land, at sea and in the air and has established a strong position in global markets in the aerospace, marine and energy sectors.

It has more than 75 years of partnership with the India Air Force and India's civil aerospace sector. Today, there are over 1,300 Rolls-Royce engines in service in India.

Rolls-Royce also has wide-ranging capabilities across the nuclear cycle and is leading the development of the UK's Nuclear Advanced Manufacturing Centre that will bring together an industrial consortium of around 30 companies from the UK nuclear supply chain. University partners will lead key research themes. 

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