US-based Flowserve Corporation and India’s CORE Energy Systems Ltd. have signed an agreement to bring primary coolant pump technology to India, a development that marks a major milestone in Indo-US civil nuclear cooperation. The deal was formalised in Washington DC in the presence of officials from the US Department of Energy and the Indian Embassy and has been approved by both the US Department of Energy and India’s Department of Atomic Energy (DAE).
Nagesh Basarkar, Chairman and Managing Director of CORE Energy Systems Ltd., highlighted the importance of the agreement, saying, “We have set an ambitious target of 100GW of nuclear capacity by 2047. We are somewhere around 8.2 gigawatts. So for building nuclear power plants, what is important is the supply chain. In that, the most critical equipment in a nuclear power plant is the reactor and the second is the primary coolant pump.”
He explained that India faces supply chain challenges as only one vendor in the country produces these pumps. Flowserve is a global leader in this technology, but transferring it to India required multiple approvals. “This is the first time under Indo-US cooperation… due to various challenges and geopolitical challenges, not a single technology could be transferred. So this is the first time, because it requires CFR 810 approval,” Basarkar noted.
The development follows Prime Minister Narendra Modi’s visit to the US in February this year, where both countries reaffirmed their commitment to fully implement the US-India 123 Civil Nuclear Agreement and emphasised the importance of localising technology.
Basarkar said the agreement opens doors for more collaborations, adding, “This will pave the path to transfer more and more technology and build more nuclear reactors. We have opened the pipeline for many such technologies to come to India for localisation… it will help big companies like Westinghouse or other big technology players, if they’re looking for localisation and technology transfer.”
He also underlined that receiving such approvals from the US can take nearly five years, but with DAE’s assurance in November 2024 that the technology will be used solely for peaceful civil purposes, the deal was cleared. “The first thing is (that) the US company should have confidence in the Indian company and the Indian company should have the capability to absorb that technology,” he said.
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