L&T, US firm sign pact on nuclear reactors

September 30th, 2009 NEW DELHI - India's top construction and engineering firm Larsen and Toubro (L and T) has said it planned to invest 500 million dollars to build nuclear reactors, hoping to tap Indian orders for power projects. Talking to reporters here on Tuesday L and T chairman and manging director A.M.

August 3rd, 2009 CHENNAI - Atomic Energy Commission Chairman Anil Kakodkar here said that India would build four 700-megawatt nuclear power units shortly. Talking to reporters here on Sunday, Kakodkar said, ""We are looking forward to launching new 700 megawatt power reactors.

July 30th, 2009 NEW DELHI - Minister of State in PMO Prithviraj Chavan on Thursday said that many countries want to sell nuclear reactors to India, but any deal in this regard would be struck only on terms set down by the government. "We are planning to import nuclear reactors.

May 19th, 2009 MUMBAI - Diversified conglomerate Larsen and Toubro (L&T) has signed a pact with the US-based GE Hitachi Nuclear Energy to build boiling water reactors for nuclear power plants, the company said Tuesday. L&T had earlier signed similar pacts with Westinghouse Electric of the US, Atomic Energy of Canada and Atomstroyexport of Russia.

April 15th, 2009 MUMBAI - Indian diversified conglomerate Larsen and Toubro (L&T) has further expanded its footprint in the nuclear power space, signing a pact with a Russian nuclear energy major to design and develop reactors for the Indian market, including four at Kudankulam in Tamil Nadu. L&T had earlier signed similar pacts with Westinghouse Electric of the US and Atomic Energy of Canada.

April 10th, 2009 MOSCOW - Russia's TVEL, a subsidiary of state-controlled nuclear power company Atomenergoprom, has delivered its first shipment of nuclear fuel for Indian heavy-water reactors, the company said Friday. 'Thirty metric tonnes of pellets were delivered to the nuclear fuel complex in Hyderabad (in India) for further conversion into fuel for the Rajasthan nuclear power plant,' the company said.

April 10th, 2009 TEHRAN - Iran Thursday celebrated National Nuclear Day marking the inauguration of the country's first nuclear fuel plant in the central Iranian city of Isfahan, IRNA reported. President Mahmoud Ahmadinejad inaugurated the atomic plant at a special ceremony held in Isfahan.

February 13th, 2009 NEW DELHI - The country's leading power producer NTPC Ltd Saturday signed a memorandum of understanding (MoU) with Nuclear Power Corp of India Ltd (NPCIL) to jointly produce nuclear power plants. As per the proposal, the power majors will set up a joint venture company in which NPCIL will hold 51 percent stake and NTPC will own the rest, a government statement said.

February 10th, 2009 NEW DELHI - A month after India entered into a nuclear pact with Russia, leading Russian nuclear company TVEL Wednesday signed a deal to supply uranium to Indian nuclear plants. Russia's state-owned nuclear company Atomenergoprom said that its unit, TVEL, and Indian officials had signed the latest deal under which 'the total cost of contracts is more than $700 million'.

February 10th, 2009 MUMBAI - Taking their nuclear cooperation to another level, Russia's leading nuclear company TVEL and India's Department of Atomic Energy Wednesday signed two contracts for supplying uranium for Indian nuclear reactors. The Department of Atomic Energy and TVEL, a joint stock company of the Russian Federation, have signed a contract for the long-term supply of 2,000 tonnes of natural uranium pellets for India's pressurised heavy water reactors, the DAE said in a statement here.

February 7th, 2009 MOSCOW - Russian nuclear fuel producer TVEL expects to sign a $780 million contract for fuel supplies to Indian nuclear power plants, a spokesman for Russia's state nuclear power corporation Rosatom has said. The contract, if signed, could make Russia the first country to supply nuclear fuel to India since the Nuclear Suppliers Group lifted a three-decade ban on nuclear fuel sales to the country on Sept 6, 2008.

February 3rd, 2009 NEW DELHI - Following the government's green signal to foreign companies to participate in India's nuclear power programme, AREVA of France Wednesday signed a pact with state-run Nuclear Power Corp of India Ltd (NPCIL) to set up nuclear power reactors in Maharashtra. As per the agreement, the two companies will start technical and commercial discussions for setting up two to six European pressurised reactor (EPR) units of 1,650 MW each at Jaitapur in Maharashtra.

February 2nd, 2009 NEW DELHI - India and France are set to start a new chapter in civilian nuclear cooperation when French nuclear giant Areva signs a pact with India's nuclear monopoly NPCIL Wednesday for the import of new generation EPR-type nuclear reactors. A memorandum of understanding (MoU) between the Nuclear Power Corporation of India Limited (NPCIL) and Areva will be inked here in the presence of French Minister of State for Foreign Trade Anne-Marie Idrac and Minister of State in the Prime Minister's Office Prithviraj Chavan.

February 1st, 2009 NEW DELHI - India will sign a unique safeguards agreement with the Vienna-based International Atomic Energy Agency (IAEA) later Monday - a key step that will enable the resumption of global civil nuclear commerce with New Delhi. India's Ambassador to Vienna Saurabh Kumar and IAEA Director-General Mohamed ElBaradei will ink the India-specific safeguards agreement in Vienna later in the day.

January 21st, 2009 NEW DELHI - Soon after signing a pact with the US-based Westinghouse Electric to build nuclear reactors recently, engineering and construction major Larsen and Toubro (L&T) has signed a similar agreement with Atomic Energy of Canada Ltd (AECL), the company announced Thursday. The new agreement, however, is subject to final approval of a bilateral nuclear cooperation agreement between the governments of India and Canada.