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United Kingdom : Rolls-Royce signs collaboration agreement with OT industries

Jan 11, 2019 (Euclid Infotech Ltd via COMTEX) --

Increasing its strategic cooperation with local companies in Hungary, Rolls-Royce has signed a Memorandum of Understanding (MoU) with OT Industries. The agreement is to explore areas of joint work for the provision of Emergency Diesel Generators (EDGs) and Instrumentation and Control (I&C) systems for the new reactors planned at the Paks Nuclear Power Plant in Hungary.

OT industries is majority owned by the MOL Group, a leading international and integrated oil and gas company having a strong experience in engineering, procurement and construction (EPC) projects, including in the nuclear area.

Neil Parison, Director for Strategic Accounts, Rolls-Royce, said: As part of our intention to collaborate with Rosatom, Paks-II is a project of strategic importance for Rolls-Royce, together with the Hanhikivi-1 project in Finland and the Akkuyu project in Turkey.

These projects involve VVER reactors for which Rolls-Royce is willing to provide mission-critical systems to ensure plant safety and availability, through highly reliable integrated Emergency Diesel Generators, as well as proven digital and hardwired I&C technologies used for the main and diverse protection systems and for other safety-related functions.

The signature of this Memorandum of Understanding with OT industries demonstrates the willingness of Rolls-Royce to working closely with Hungarian partners, to deliver the project jointly while ensuring the highest share of local benefits.

Gyrgy Szondi, Director of Nuclear Division, OT Industries, said: Our company is mainly active in the Central and Eastern European oil, gas and chemical industries, implementing large scale EPC projects.

However, we also have a significant 30-year nuclear engineering expertise. The activity of our nuclear division covers engineering design, general contracting, construction, production, project management and engineering expert services.

In our projects, we regularly work together with other industrial partners. As we would like to participate in the Paks-II project, we seek cooperation opportunities with companies that have extensive international experience, such as Rolls-Royce.

The Paks nuclear power plant, located in Hungary, currently comprises four VVER-440 nuclear reactors. The Paks-II project involves building two additional Russian-designed VVER-1200 reactors.

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