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US nuclear corporation salivates at thought of selling reactors to India

Buy-US-nukesAhead Of PM Modi’s Trip To US, Hopes For A Major Nuclear Reactor Deal, NDTV Modi,-Narendra-USA

All India | Reuters  January 15, 2016 NEW DELHI:  Toshiba Corp’s Westinghouse Electric hopes to clinch a deal to build six nuclear reactors in India by end-March, its CEO said, in time for a possible visit by Prime Minister Narendra Modi to Washington to attend a global nuclear summit.

A Westinghouse team is already in India to negotiate the deal, Chief Executive Daniel Roderick told news agency Reuters, but talks are likely to go down to the wire, as the crucial issue of nuclear liability insurance for suppliers remains unresolved. The aim, however, was to make a “commercially significant announcement” during PM Modi’s expected US visit in March and sign a final contract later in the year, Mr Roderick said.

A US diplomat said the United States had invited PM Modi to the March 31-April 1 Nuclear Security Summit and that Washington was thinking of turning the trip into a full-fledged official visit, which would give the Indian leader a similar reception as Chinese President Xi Jinping.

The Westinghouse contract would give a big boost to India’s $150 billion nuclear power programme…….

The Westinghouse deal would be the first nuclear commercial power project since the United States and India first struck an agreement to cooperate in the civil nuclear arena a decade ago.

India has given two sites to US companies – Westinghouse and a nuclear venture between General Electric Co and Hitachi – to build six reactors each.

January 15, 2016 - Posted by | India, marketing, USA

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