L&T in pact with Canadian firm AECL

Mumbai, Jan 22 (PTI) Engineering giant Larsen and Toubro
Thursday said it has entered into an agreement with Atomic
Energy of Canada Limited (AECL) for heavy water reactors.

This agreement is subject to final approval by the
governments of India and Canada and a bilateral Nuclear
Co-operation Agreement between the two countries, L&t said in
a filing to the Bombay Stock Exchange.

L&T and AECL have joined hands for cooperation on
advanced CANDU reactor ACR1000 and to develop a competitive
cost model for ACR1000, the filing added.

Upon completion of the indicative cost model AECL and L&T
have agreed to begin discussions to develop nuclear power
plants in India on Engineering Procurement and Construction
(EPC) basis and utilise the collective expertise of the
parties in global markets.

The ACR1000 is AECL's generation III+ reactor that
utilises the proven concepts of pressurised heavy water
reactor (PHWR).

PHWR technology is one of the most highly competitive
nuclear technologies in the world with regard to capital cost,
safety and efficiency. The design allows refuelling online
which eliminates the periodic refilling outage required by
other designs.

The company further said L&T and AECL are optimistic that
there will be a good demand for the ACR1000. L&T intends to
play a major role in the rapidly developing nuclear power
sector by building strong partnerships with leading companies
in the field.

Atomic Energy of Canada Limited is a full service nuclear
technology company providing services to nuclear utilities
around the world. PTI AKH
SAK
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