NPCIL and Westinghouse to unleash $150 billion deal
The Dollar Business Bureau The agreement between the US firm Westinghouse and Nuclear Power Corporation of India Ltd (NPCIL) is to commence preparatory work on six nuclear reactors in India is expected to release a “$150 billion nuclear industry in India thereby creating jobs and ensuring access to clean energy and ensuring our energy security.” On June 7, 2016, the White house said that Westinghouse and NPCIL have agreed to start the engineering and site design work for six nuclear power reactors in India. They plan to conclude the contractual arrangements by June 2017. According to FICCI, this agreement will cement the strategic relationship between the two nations. It will also help in reaffirming the ‘trusted partner’ status, that has been granted to ...
GoI gears up for nuclear projects with foreign collaboration
The Dollar Business Bureau India is likely to complete four indigenous nuclear power reactors by 2019. The four reactors to be completed by 2019 are currently under construction-- two at Kakrapar, Gujarat and the other two at Rawatbhata, Rajasthan, the Minister of State, Personnel, PG & Pensions, Jitendra Singh, said on Thursday. Besides, the financial approval has also been given to two other indigenous nuclear reactors at Gorakhpur, Haryana. The plants are likely be launched in 2015-16 and scheduled to be completed by 2021. Two more indigenous reactors of 700 MW generation capacity are also expected to be completed by 2024. Also, the government has given ‘in-principle’ approval for locating nuclear power projects in future, based on both indigenous technologies and with foreign ...
Canada to supply uranium for Indian power reactors
The Dollar Business Bureau India and Canada will conclude a Bilateral Investment Promotion & Protection Agreement very soon and are also keen to implement the road map for a Comprehensive Economic Co-operation Agreement by September 2015. A statement in this regard was made by the Prime Minister (PM) of India, Narendra Modi on Wednesday, during a Joint Press Interaction with the Canadian PM Stephen Harper at Ottawa, Canada. Both the sides have also agreed upon a uranium deal as part of the bilateral nuclear cooperation between the two countries. The deal worth around $350 million was signed between the Atomic Energy Commission of India and Cameco Corp- Canada’s largest uranium producer, in the presence of Modi and Harper. Under ...
