PAL Indonesia inks deal to build 500MW nuclear reactor for $1.2b

The thorium molten salt power plant can produce clean energy cheaper than coal.

Indonesian state company PT PAL Indonesia has entered an agreement with nuclear power firm Thorcon International to conduct a development study and construct a 500MW reactor for $1.2b, Reuters reports.

The thorium molten salt power plant is currently designed to be a 174⨉66 m 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.

Read the full report here.