India, France ink framework pact to build two n-power plants

LD SARKOZY

New Delhi, Dec 6 (PTI) India and France on Monday signed
a framework agreement for construction of two 1650 MW nuclear
power reactors in the western Indian state of Maharashtra and
price and technical issues were being negotiated.
The Nuclear Power Corporation of India Limited (NPCIL) and
French company Areva signed an agreement RPT signed an
agreement for building two European Pressure Reactors at
Jaitapur in Maharashtra after talks between Indian Prime
Minister Manmohan Singh and visiting French President Nicolas
Sarkozy.
However, the Prime Minister made it clear that issues
related to pricing of nuclear power and other technical
matters were yet to be settled.
"The framework agreement has been signed between Areva
and NPCIL. There are issues with regard to other technical
matters including pricing. This are subject matter of
negotiations," Singh told reporters at a joint press
conference with Sarkozy.
India and France plan to jointly set up six nuclear power
plants of 1650 MW each at Jaitapur at an approximate cost of
25 billion dollars.
Agreements have been signed and clearances granted for
the first two nuclear power plants.
Areva has said it would take upto seven years for the
first nuclear power plant to be made operational after the
first pour of concrete. PTI SJY
AVT


The information contained in this electronic message and any attachments to this
message are intended for the exclusive use of the addressee(s) and may contain
proprietary, confidential or privileged information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please notify
the sender immediately and destroy all copies of this message and any attachments
contained in it.