Fairwood Nuclear and SK Securities partner for Small Modular Reactor (SMR) projects in India

Key facts

• Fairwood Nuclear Pvt Ltd of India and SK Securities Co Ltd of South Korea signed a strategic collaboration agreement to develop and finance Small Modular Reactors (SMRs) and Micro Modular Reactors (MMRs) in India.
• The partnership aims to accelerate the commercial and technical development of advanced nuclear projects to provide reliable, carbon-free electricity and enhance energy security.
• The collaboration establishes a non-exclusive framework for project development, industry engagement, investor outreach, and fundraising initiatives across South Korea and international markets.
• The initial agreement between the two organisations is set for a duration of three years and may be extended by mutual consent.
• The pact supports the development of a privately designed and financed Make in India reactor platform to advance research and development in next-generation nuclear technologies.