India's Fairwood Nuclear, South Korea's SK Securities sign pact to advance small reactor projects
Fairwood Nuclear Pvt. Ltd. of India and South Korea's SK Securities have entered into a collaboration to develop small modular reactors (SMRs) and micro modular reactors (MMRs) in India. This partnership aims to enhance the commercial and technical development of advanced nuclear projects, responding to the growing interest in low-carbon energy technologies. The agreement will facilitate project development, investor outreach, and access to capital markets over an initial three-year period.
- ▪Fairwood Nuclear and SK Securities signed a strategic collaboration agreement to support SMR and MMR development in India.
- ▪The partnership aims to accelerate the commercial and technical development of advanced nuclear projects.
- ▪The agreement will run for three years and may be extended by mutual consent.
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India’s Fairwood Nuclear Pvt. Ltd. and South Korea’s SK Securities Co. Ltd. have signed a strategic collaboration agreement to support the development and financing of small modular reactors (SMRs) and micro modular reactors (MMRs) in India, the companies said on Wednesday (June 3, 2026).The agreement aims to accelerate the commercial and technical development of advanced nuclear projects in India, as interest grows in low-carbon and energy-secure power generation technologies.Under the pact, the companies will work together on project development, industry engagement, investor outreach and fundraising initiatives.
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