Russian Nuclear firm Atomstroyexport plans to set up JV with L&T for construction of atomic power plants...

According to market reports, Russia's global nuclear project company Atomstroyexport is holding talks with Larsen and Toubro (L&T) for setting up a joint venture (JV) to manufacture equipments required for construction of atomic power plants.

Atomstroyexport, which has recently completed construction of 1 unit of 1000 MW out of 2 units at Kudankulam in Tamil Nadu, has decided to set up an equipment manufacturing unit in India.

Spark Network believes that the decision of Atomstroyexport is to tap the USD 100 Bn civil nuclear market of India considering the boom in the nuclear business and cut down timeframe for construction of atomic reactors.

At present, L&T manufactures reactor vessels for pressurised heavy water reactors and fast breeder reactors. It has also designed technology and critical equipment and systems for heavy water plants, fuel re-processing plants and plasma reactors.

Atomstroyexport has already built 31 nuclear power units in seven countries, including China and Iran.