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Rolls-Royce launches nuclear reactor business

LONDON: Aircraft engine maker Rolls-Royce launched plans Tuesday to build small low-cost nuclear reactors, backed with private and public cash, to help reduce the country's carbon emissions.

Rolls-Royce has created a new Small Modular Reactor (SMR) division after clinching a cash injection of £405 million ($547 million, 473 million euros), it said in a statement.