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Areva to supply India with 'two to six' nuclear reactors

Video by Eve JACKSON , Jinty Jackson , Mary MAC CARTHY

Latest update : 2009-02-05

French nuclear giant Areva said in a statement on Wednesday that it had a preliminary agreement to sell between two to six European Pressurized Reactors to India, to be installed in Jaitapur, in the western state of Maharashtra.

Watch our Face Off debate: France-India: a risky business?


AFP - French nuclear group Areva said Wednesday it had signed a draft accord to provide India with between two to six European Pressurized Reactors.
"Areva and Nuclear Power Corporation of India Limited today (Wednesday) reached a protocol accord ... on the implantation of two to six EPR reactors," Areva said in a statement.
The deal also calls for the supply by Areva of fuel during the life of the reactors, which are to be located in Jaitapur in the western Indian state of Maharashtra.
A 34-year-old embargo on civilian nuclear exchanges with India, imposed in 1974 following a series of Indian nuclear tests, was lifted last year.
France in September signed an agreement with India covering nuclear energy cooperation.
India currently has 17 nuclear reactors in operation that supply about 2.5 percent of the country's electricity.
The cost of one EPR has been estimated at between four and six billion euros (5.2-7.8 billion dollars), although final costs are subject to negotiation.
The third-generation EPR was launched in 1992 and has already been sold in France, Finland and China. The reactor was developed by French electricity utility EDF and German counterparts EON and RWE.
Designers of the EPR reactor, which was conceived with a lifespan of 60 years, point to a better use of fuel, a simpler security system and less production of waste among its advantages.

Date created : 2009-02-04