France to set up first 2 of 6 nuke reactors in Maharastra

December 7, 2010 New Delhi: France today became the first country to sign agreements to set up nuclear reactors in India, two years after the country’s nuclear isolation prompted by Pokhran tests in 1998 ended.

Five path-breaking agreements to establish first two of the six reactors in Jaitapur in Maharashtra at a cost of approx USD 25 billion were inked in the presence of visiting French President Nicolas Sarkozy and Prime Minister Manmohan Singh, who paved the way for that during their talks over dinner yesterday.

Injecting a new impetus to their strategic ties, India and France today signed seven agreements, including one for setting up of a nuclear plant in Maharashtra, the first such pact after the end of New Delhi’s isolation in the nuclear field.

Prime Minister Manmohan Singh and French President Nicolas Sarkozy also decided to work for doubling bilateral trade to 12 billion Euros by 2012, much of which is expected to be propelled by enhanced cooperation in the fields of civil nuclear energy and civil aviation.

Earlier on his arrival in Banglore the French president said  “France is a friend of India. It will stand with it in its efforts in developing non-polluting energy and nuclear industry,” the French President said addressing scientists at the

“We need to put an end to nuclear isolation of India. It was injustice done to India challenging your right to access to civil nuclear energy,” Sarkozy, who is on his second visit to India, said.

Besides, a General Framework Agreement for building the European Pressure Reactors, signed between the Nuclear Power Corporation of India Limited (NPCIL) and French company Areva, the two sides also inked pacts for Early Works Agreement for implementation of EPR units at Jaitapur and confidentiality and Intellectual Property Rights.

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Posted by on Dec 7 2010. Filed under Asia, Headlines, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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