PM confident on deal over two new reactors in Kudankulam
Moscow: Hinting at the clinching of a deal for setting up of two more reactors in the Kudankulam Nuclear Power Project during his visit, Prime Minister Manmohan Singh has expressed confidence that it would be "finalised shortly".
Asserting that cooperation in nuclear energy production will continue between the two countries, he has also offered to Russia an additional site in West Bengal for location of a reactor in case the originally proposed site in Haripur was not found feasible.
"Indian and Russian companies have been holding negotiations on finalising arrangements for Kudankulam Units 3 and 4 and I am confident that these contracts would be finalised shortly," Singh told the Russian media ahead of his two-day visit to Moscow beginning Sunday.
Hectic negotiations are on between the two sides on clinching a deal on the two new reactors in Kudankulam against the backdrop of the Russian concerns over the civil liability issues arising out of the nuclear liability law in India.
Russia is opposed to liability provisions claiming it has an inter-governmental agreement on Kudankulam, which precedes the law.
India has suggested some parameters that will govern the liability issues on Kudankulam and has asked the state-owned insurer General Insurance Corporation (GIC) to work on an insurance policy that will also lay down guidelines of liability for suppliers equipment.
Officials are confident that the deal would be signed between the companies of the two countries during the visit.
Singh said India remained interested in expanding nuclear power production in cooperation with Russia and was committed to the full implementation of the Roadmap signed during the visit of President Putin to Indian in March, 2010.
More from India
More from World
More from Sports
More from Entertaiment
- Indian- Americans launch online petition to declare Pakistan 'sponsor of terrorism'
- Panel discussion over PM Modi's willingness to engage in direct dialogue with Pak
- EU warns Pakistan of political and economic sanctions over atrocities in Baloch
- Should Pakistani artists be restricted from working in India?
- PM Modi slams Pakistan govt during his speech in Kozhikode
- SHOCKING VIDEO: This man was trying to take selfie with python - You won't believe what happened next!
- Call up this number and get Reliance Jio's SIM for sure
- WATCH: Ravichandran Ashwin's magic ball that bamboozled Kane Williamson on Day 3
- Uri effect? India, Afghanistan bypass Pak to set up exclusive air corridor
- If you have guts, send your suicide bombers to Pakistan: Samajwadi Party to MNS' Raj Thackeray