India and France to build nuclear power plants worth about $10 billion

By on Dec 6, 2010 in Current Events, World Comments

India and France agreed to build two nuclear power plants worth about $10 billion, as the leaders of both nations signed the multi-billion agreement on Monday, according to international news sites.

French President Nicolas Sarkozy, who is now in India for his 4-day visit met with Indian Prime Minister Manmohan Singh, and agreed to build two European pressurized reactors of 1,650 megawatts each, amounting to $9.3 billion.

These nuclear power plants will be located at Jaitapur, in Maharashtra, and will be built by one of France‘s main nuclear power companies, Areva SA, news reports say.

A proposal to have a permanent seat at the UN Security Council for India is being supported by France, as well as its membership for the Nuclear Suppliers Group, which is a gathering of countries that export civil nuclear technology.

President Sarkozy arrived in India on Saturday, and is scheduled to visit Mumbai, the country’s financial and entertainment capital; and will return to France on Tuesday.

France is said to be the leading exporter of civilian nuclear technology, and is the world’s second largest nuclear energy producer, next to US.

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