The project will include joint development including engineering, procurement and construction (EPC) activities and pursuant to a construction permit and an operating license from the Nuclear Regulatory Commission (NRC).

GmP has been formed by affiliates of B&W and Bechtel Power Corporation to design, license and build the world’s first commercially viable Generation III++ small modular nuclear power plant based on B&W mPower SMR technology.

GmP will deploy the first B&W mPower reactor by 2020 at TVA’s Clinch River site, the company said.

The B&W mPower Integrated System Test facility in Virginia, US is expected to begin a three-year project later this year to collect data to verify the reactor design and safety performance in support of licensing activities.

TVA plans to submit construction permit application to the NRC in 2012, and GmP plans to submit a design certification application to the NRC in 2013.