Rolls-Royce Holding Plc is set for a billion-pounds boost through a series of orders for ‘mini’ nuclear power plants in Eastern Europe, according to reports. The British engineering group is to kick-start a project for its small modular reactors (SMRs) programme, according to the Mail on Sunday, which said Rolls had raised £210mln from private investors and is set to secure the same again from the UK Government. The business venture aims to capture orders from countries such as Poland, the Czech Republic, Latvia, Hungary, Estonia and Bulgaria which are said to be developing aggressive plans for nuclear power. The Mail story includes quotes from IP3, a ‘green’ investment fund which is said to have invested in venture and sounded out pension funds and institutional investors to co-invest.
Proactive 4th Oct 2021 read more »