en.Wedoany.com Reported - India's Fairwood Nuclear Pvt Ltd and South Korea's SK Securities Co Ltd announced on June 3 the signing of a strategic cooperation agreement to support the development and financing of small modular reactors (SMRs) and micro modular reactors (MMRs) in India.

Under the agreement, the two parties will collaborate on project development, industry cooperation, investor outreach, and financing. The agreement establishes a non-exclusive framework for identifying strategic partners, attracting institutional and private investors, and facilitating the alignment of capital with the technology ecosystem. The initial agreement is valid for three years and may be renewed by mutual consent.

In a statement, Fairwood Nuclear said the agreement aims to accelerate project development, strengthen international industry cooperation, and facilitate access to capital markets and nuclear energy stakeholders in South Korea, India, and other regions. Ranbir Saran Das, co-founder of Fairwood Nuclear, stated: "By combining commercial ambition with international industry channels and capital support, Fairwood Nuclear is creating an Indian platform capable of accelerating next-generation nuclear energy projects." The company said the partnership will support its goal of developing, financing, owning, and operating SMR and MMR projects in India, while advancing the creation of a "Made in India" reactor platform designed and financed by the private sector.

Patrick Han, head of global business at SK Securities, stated that advanced nuclear technologies such as SMRs and MMRs are expected to play an increasingly important role in India's future energy mix, and this cooperation will help integrate South Korean and international expertise, investor networks, and strategic relationships to support project development.

The agreement was signed against the backdrop of growing attention from governments and investors worldwide toward next-generation nuclear energy technologies, viewed as a reliable source of carbon-free electricity and energy security. SK Securities is a South Korea-based consulting and investment company with operations spanning nuclear energy, energy, industry, and infrastructure sectors.

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