5 yrs on, India-US set to firm up nuclear commerce
Almost five years after signing of the India-US nuclear deal, the two countries are set to take a definite step in nuclear commerce during Manmohan Singh’s visit to the US in September. Jayanth Jacob reports.delhi Updated: Aug 01, 2013 02:42 IST
Almost five years after signing of the India-US nuclear deal, the two countries are set to take a definite step in nuclear commerce during Manmohan Singh’s visit to the US in September.
US-based firm Westinghouse and Nuclear Power Corporation of India Limited (NPCIL) will sign a contract “denoting their commercial commitment” for reactors to be put up at the Mithi Virdi nuclear park in Bhavnagar district in Gujarat.
While a commercial contract will take time because of the foreign suppliers’ disagreements over India’s nuclear liability law, the pact will involve commitment on the part of NPCIL, sources told HT. The US has been pushing India for starting the nuclear commerce for a while now and the issue came up in a big way during recent visits of US vice-president Joe Biden and secretary of state John Kerry to India.
Westinghouse, now owned by Toshiba, will be constructing six AP 1000 pressurised water reactor, certified by the US Nuclear Regulatory Commission.
The project to be completed in three phases will comprise construction of two units of 1,154 MW each, in each phase.
Westinghouse and NPCIL had signed a MoU last year to negotiate an early works agreement for preliminary licensing and site development work.
The estimated cost of the project is more than Rs 60,000 crore.
First Published: Aug 01, 2013 00:04 IST