US firm to set up nuclear plant in Vizag

Hyderabad: US-based Brighton Group on Wednesday signed a memorandum of understanding with the Government of Andhra Pradesh for setting up a Rs 2,880 crore nuclear plant near port-town Visakhapatnam.

This is the maiden venture in India of the Brighton Group that has a major presence in China apart from the US.

Brighton President and Chief Executive Officer Kit Kung and Andhra Pradesh Principal Secretary (Industries) B Sam Bob signed the MoU in the presence of state Chief Minister N Kiran Kumar Reddy, Major Industries Minister J Geeta Reddy, among others in the state Secretariat here.

"Brighton will invest Rs 2,880 crore and provide direct employment to 2500 highly-skilled personnel, including 500 engineers, and indirect employment to another 10,000. The proposed plant will be set up on an 800-acre site at Nakkapalli in Visakhapatnam district," Geeta Reddy said