April 26, 2024 06:20 (IST)
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US-based Westinghouse to build six nuclear reactors in India
New Delhi, Jun 8 (IBNS): Nuclear Power Corporation of India Limited (NPCIL) and US-based Westinghouse have agreed to begin engineering and site design work immediately for six nuclear power plant reactors in India and conclude contractual arrangements by June 2017, the media reported.
Westinghouse will build six AP 1000 reactors, and India and the U.S. Export-Import Bank to work together toward a competitive financing package for the project, it was mentioned in the joint statement issued following the meeting between Indian Prime Minister Narendra Modi and the US President Barack Obama.
The joint statement also mentioned that the steps that the two Governments have taken in the last two years through the U.S.-India Contact Group, including by addressing the nuclear liability issue, inter alia, through India’s ratification of the Convention on Supplementary Compensation for Nuclear Damage, have laid a strong foundation for a long-term partnership between US and Indian companies for building nuclear power plants in India.
In a conference call with media people, Brian Deese, Senior Advisor to the US President said, that these reactors would bring clean energy to India and generate thousands of jobs in the US.
According to the Indian Express, it was decided to set up the reactors in Gujarat but now it is likely to be built in Srikakulam area in Andhra Pradesh.
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