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US firms charging India high nuclear prices

‘US, European firms quoting higher prices for nuclear equipment’ Business Standard Press Trust of India / New Delhi December  Dec 12, 2009 The government today indicated its preference for buying nuclear power equipment for the country’s atomic power projects from Russia, saying US and European companies are quoting higher prices………………..India and Russia signed an agreement on cooperation on peaceful uses of atomic energy in Moscow during Prime Minister Manmohan Singh’s visit last week.

Nath did not disclose the names of the US and European companies that have quoted higher prices. “…Cannot give you (the prices quoted by the foreign firms) in percentage term but the only thing is that they are higher,” he said.

Nath’s comments came as a commercial delegation of US companies such as GE Hitachi, Westinghouse, Babcock & Wilxcox is visiting the country to explore opportunities in India’s nuclear energy sector.

‘US, European firms quoting higher prices for nuclear equipment’

December 11, 2009 - Posted by | business and costs, India | ,

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