In­dia, US may seal nu­clear re­ac­tor deal dur­ing PM’s visit

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Shishir Gupta shishir.gupta@hin­dus­tan­times.com

Eight years af­ter the two coun­tries ini­tialed a his­toric civil­ian nu­clear agree­ment, In­dia and the US are en­gaged in hec­tic price ne­go­ti­a­tions in or­der to close a sig­na­ture deal be­tween the Nu­clear Power Cor­po­ra­tion of In­dia Lim­ited (NPCIL) and Toshiba- West­ing­house for six nu­clear re­ac­tors. The deal — the first of its kind in­volv­ing a US com­pany — could well be inked dur­ing Prime Min­is­ter Naren­dra Modi’s visit to Wash­ing­ton for the Fourth Nu­clear Se­cu­rity Sum­mit be­tween March 31 and April 1.

The Modi govern­ment re­mains tight-lipped about the ne­go­ti­a­tions, but of­fi­cial sources con­firm that Toshiba-West­ing­house made a for­mal “techno-com­mer­cial” of­fer to NPCIL and “ura­nium fuel of­fer” to the Depart­ment of Atomic En­ergy (DAE) last week for the Mithi-Virdi 6000 MW power plant near Bhav­na­gar in Gu­jarat. NPCIL and T-W had al­ready ini­tialed a pre­lim­i­nary early works agree­ment in Septem­ber 2013.

CON­TIN­UED ON P10

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.