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Thorium Power, the leading developer of non-proliferative nuclear fuel technology and provider of comprehensive advisory services for emerging nuclear programs and Punj Lloyd Group, the diversified engineering, procurement & construction (EPC) conglomerate has announced the signing of MOU.
The MOU establishes a framework to explore and identify the strengths of Thorium Power in areas of the deployment of Thorium Power’s nuclear fuel designs in India, Southeast Asia and other territories, to expand consulting activities for the development of nuclear power generation regionally and worldwide and to pursue the establishment of a joint venture between Thorium Power and Punj Lloyd to best capitalize on the emerging nuclear renaissance.
The company made this announcement during the trading hours today, 04 December 2008.
