PAL Indonesia and Thorcon sign deal to build $1.2 billion nuclear reactor
Article continues below
Thorcon “has expressed seriousness” to invest $1.2 billion to build a thorium power plant in Indonesia, it said in a statement on late Wednesday.
The thorium molten salt power plant is currently designed to be 174x66 meters floating facility which PAL said is expected to be built by Daewoo Shipyard & Marine Engineering in South Korea.
PAL Indonesia, which produces warships and commercial vessels, will build the reactor and supporting components designed by Thorcon.
“The thorium molten salt power plant can produce clean energy cheaper than coal, which could be reliable energy system toward a low-carbon economy,” PAL said. ■