India's Modi goes shopping for nuclear power in France and Canada

In France, where Modi is making his first visit since taking office last year, he will seek to speed up price negotiations for the building of two reactors by state-run Areva S.A. of 1,650 megawatts each in the western state of Maharashtra.

India's Modi goes shopping for nuclear power in France and Canada

World Bulletin / News Desk

 Indian Prime Minister Narendra Modi aims to advance the purchase of massive nuclear reactors and fuel from France and Canada to power a resurgent economy, overriding domestic opposition and concerns over liability laws as he embarks on a foreign tour.

An official at state-run India's Nuclear Power Corporation of India Limited (NPCIL) said Modi's visit from April 9-11 was expected to add political heft to a project that under the last government became bogged down.

"Techno-commercial discussions have been going on for sometime now, there is desire on the part of the new government to conclude the discussions," the official, who declined to be named because he was not authorised to speak to the media, said.

Modi has made nuclear power a key element of his clean energy strategy, and in January announced a "breakthrough" pact with U.S. President Barack Obama to help clear a logjam of stalled projects.

India needs foreign nuclear technology and fuel to ramp up capacity by a planned 14 times from 4,560 megawatts over the next two decades.

For decades it was shut out of nuclear trade because of its weapons programme but a 2008 agreement with theUnited States gave it access to foreign suppliers without giving up arms that are primarily meant as a deterrent against nuclear-armed China.

Last Mod: 08 Nisan 2015, 15:33
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