India signs civil nuclear deal with S Korea

Last Updated: Monday, July 25, 2011 - 15:52

Seoul: India Monday signed a civil nuclear
cooperation deal with South Korea, allowing a framework for Korean companies to participate in atomic power plant projects in the country.

The agreement was signed after a meeting between
President Pratibha Patil with her South Korean counterpart Lee
Myung-Bak.

South Korea has become the ninth country which had
signed nuclear agreement with India after it got the waiver
from the Nuclear Suppliers` Group (NSG) in 2008.

The others are the US, France, Russia, Canada,
Mongolia, Kazakhstan, Argentina and Namibia, an official said.

South Korea operates 20 nuclear plants that generate
some 35 per cent of its electricity needs, and is keen to
export its technology to fast developing countries like India.

"The two countries have just concluded and signed a
bilateral agreement on cooperation in the peaceful uses of
nuclear energy," said Sanjay Singh, Secretary (East), Ministry
of External Affairs.

"It is like other civil nuclear agreements signed
between India and other countries. We look forward to Republic
of Korea for becoming one more partner in the development of
civil nuclear energy in India," the official said without
divulging further details on the agreement and its mandate but
termed the deal as a "win-win" for both the nations.

Both India and South Korea decided to start talks on
civil nuclear cooperation during a meeting between Prime
Minister Manmohan Singh and South Korean President Lee on the
sidelines of the ASEAN Summit in Hanoi in October last year.

PTI



First Published: Monday, July 25, 2011 - 15:52

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