India, France Agree to Expedite Jaitapur Nuclear Power Plant

During Prime Minister Narendra Modi‘s visit to France last month, India signed two agreements related to the Jaitapur Nuclear Power Plant located in the western state of Maharashtra.

One of these, a pre-engineering agreement signed with AREVA, Alstom and Nuclear Power Corporation of India, aims to bring greater clarity on all technical aspects of the project. The second agreement signed between AREVA and Larsen and Turbo — a private player — is aimed at “reduction of cost by increasing localization to improve the financial viability of the project”, reports Business Standard.

Location of Jaitapur Nuclear Power Plant

Location of Jaitapur Nuclear Power Plant

As a result of these agreements India’s apprehensions over the new European Pressurized Reactors technology have been assuaged, and the India’s Department of Atomic Energy is now ready to settle for a price per unit of electricity to be between 9 cents to 10 cents.

According to the Indo-French nuclear cooperation agreement in 2008, Nuclear Power Corporation of India, with the help of AREVA, was to construct six reactors of 1650 MW each. With transfer of technology, some of the equipment could be produced in India, which could have an overall bearing on the cost.

On completion, the Jaitapur plant will the produce the maximum energy from among all the nuclear power plants in the country.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

1 comment

1 Robert { 05.04.15 at 5:55 AM }

The Fukushima nuclear accidents have cast doubt on whether even an advanced economy like Japan can master nuclear safety. Catastrophic scenarios involving terrorist attacks are also conceivable. The people of India , if informed fully and properly, will not fail to see the grave nature of the Nuclear energy which show the mismanagement and cover-ups in the DAE.
1. In the year 2005, in a Public Interest Writ Petition before Bombay High Court, the nuclear scientists of DAE filed Affidavits confirming that there is radiation in the fish and marine organisms in the Thane Creek into which Bhabha Atomic Research Centre (BARC) in Mumbai has been discharging nuclear effluents for over 40 years.
2. In 1996, a Public Interest Writ Petition was filed before Bombay High Court, by a social organisation named “Citizens for A Just Society” founded by noted Gandhian, Freedom Fighter, and Padma Vibhushan, Dr. Usha Mehta, seeking disclosure of at least the 90 nuclear issues concerning the nuclear power plants in India compiled by Atomic Energy Regulatory Board (AERB) in its Report titled “Safety Issues in DAE Installations” which listed 130 nuclear issues in all the nuclear establishments.
3. Fraud was committed upon Bombay High Court in January 1997 by the Department of Atomic Energy (DAE). A Memorandum, purportedly made under the purported instructions of the then Prime Minister Shri.Deve Gouda was submitted to the High Court in January 1997.

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