France’s Areva SA, which recently signed an agreement valued at €7 billion (Rs.42,000 crore) with India’s state-owned Nuclear Power Corp. of India Ltd (NPCIL) to supply two nuclear reactors and fuel, hopes to finalize the contracts by mid-2011, said Arthur De Montalembert, chairman and managing director, Areva India Ltd.
A commercial contract is yet to be finalized as several loose ends have to be tied up, such as export credits to NPCIL at preferential terms.
While NPCIL and Areva recently signed the agreement, media reports have pointed to problems with the so-called evolutionary pressurized reactors (EPRs).
There are four EPRs under construction in Finland, France and China. The world’s first EPR, being built at Olkiluoto in Finland, is behind its 2009 schedule and $3.2 billion (Rs.14,528 crore) above budget. Fuel loading is now expected in 2012.
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An L&T spokesperson declined comment. B.P. Rao, Bhel’s chairman and managing director, confirmed the development.
more at:
http://www.livemint.com/2010/12/17211349/Areva-India-defends-its-nuclea.html?atype=tp
Friday, December 17, 2010
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