Larsen & Toubro Ltd. said it will team up with Atomic Energy of Canada Ltd. to build reactors, the second international nuclear venture of India’s biggest engineering company in less than a week.
The companies will build ACR1000 pressurized heavy water reactors in India, Larsen said in statement today, without giving financial details. On Jan 16, Larsen tied up with Toshiba Corp.’s Westinghouse Electric Co. for AP1000 reactors.
Indian power-equipment makers are seeking overseas partners as Asia’s third-biggest economy targets 60,000 megawatts of nuclear energy by 2030 to cut power shortages of more than 18 percent during peak hours.
Larsen is also in talks with General Electric Co.,Areva SA and Westinghouse to start companies to make nuclear-power equipment.
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