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