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. According to reports from PTI, 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. The partnership comes as governments and investors globally increase their focus on next-generation nuclear technologies as a source of reliable, carbon-free electricity and energy security.
Under the pact, the companies will work together on project development, industry engagement, investor outreach and fundraising initiatives. As reported by PTI, the partnership is expected to leverage SK Securities' network across the nuclear, infrastructure and financial sectors in South Korea and international markets to support future projects in India. The collaboration establishes a non-exclusive framework for identifying strategic partnerships, engaging institutional and private investors, and facilitating access to capital and technology ecosystems. According to Fairwood Nuclear, the agreement creates a strategic relationship focused on accelerating project development, strengthening international industry engagement and facilitating access to capital markets and nuclear stakeholders in Korea, India and elsewhere.
Ranbir Saran Das, co-founder of Fairwood Nuclear, stated that the agreement creates a strategic relationship focused on accelerating project development, strengthening international industry engagement and facilitating access to capital markets and nuclear stakeholders in Korea, India and elsewhere. According to PTI, Patrick Han, head of global business at SK Securities, emphasized that advanced nuclear technologies, such as SMRs and MMRs, are expected to play an increasingly important role in India's future energy mix and that the partnership would help align Korean and international expertise, investor networks and strategic relationships to support project development. Han noted that by combining commercial ambition with international industry access and capital support, Fairwood Nuclear is creating an Indian platform capable of accelerating next-generation nuclear projects.
The initial agreement will run for three years and may be extended by mutual consent. As reported by PTI, Fairwood Nuclear said the partnership would support its ambitions to develop, finance, own and operate SMR and MMR projects in India, while also advancing research and development aimed at creating a privately designed and financed 'Make in India' reactor platform. SK Securities is a South Korea-based advisory and investment firm with interests and relationships across the nuclear, energy, industrial and infrastructure sectors, positioning it well to support the collaboration's objectives in India's growing nuclear energy market.
