L&T, Canada firm ink MOU to develop nuclear reactor
Larsen & Toubro (L&T) and Atomic Energy of Canada Ltd (AECL) have signed a memorandum of understanding for co-operation on Advanced CANDU Reactor ACR 1000.The agreement is yet get the final approval by the governments of India and Canada.
The ACR 1000 is AECL’s third generation reactor design that utilises the proven concepts of the pressurised Heavy Water Reactor.
L&T and AECl want to develop a competitive cost model for the ACR 1000. 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, said a company release.