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Despite opposition and problems about liability, Prime Minister Narendra Modi aims to buy nuclear reactors

Modi-Buy-NukesModi goes shopping for nuclear power in France and Canada Reuters | Apr 8, 2015,  Times of India, NEW DELHI: 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.

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 SA of 1,650 megawatts each in the western state of Maharashtra………

NPCIL and the French supplier have been trying to hammer out a contract for the past five years, wrangling over the price as well as India’s strict liability law for the plant in Jaitapur.If completed in full, the Jaitapur project would be the world’s largest nuclear power station and a lifeline for the loss-making French company. But one industry source with knowledge of the talks said there was still disagreement over the price Areva would be paid for the plant’s power…….

Modi’s government is pushing for the reactors despite opposition from anti-nuclear groups as well as its own regional ally in the state, the Shiv Sena, who says it is not safe………http://timesofindia.indiatimes.com/india/Modi-goes-shopping-for-nuclear-power-in-France-and-Canada/articleshow/46851773.cms

April 11, 2015 - Posted by | India, politics

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