India, U.S., to Accelerate Cooperation in the Energy Sector

In the wake of President Trump‘s and Indian Prime Minister Modi’s meeting, the White House released a statement that said, “The United States and India are committed to realizing commercial civil nuclear cooperation, in particular through a contract for six Westinghouse Electric AP-1000 nuclear reactors to be built in Andhra Pradesh, India. Once completed, the project will provide reliable electricity for millions of Indian citizens.”

India’s Foreign Secretary S. Jaishankar said that by the end of the year Westinghouse will rework its current situation and conclude contractual agreements between the Company and the Nuclear Power Corporation of India for the six nuclear reactors, as also related project financing, reports the Economic Times.

Energy
The White House said Indian energy companies have signed more than $30 billion in long-term contracts for U.S.- produced liquefied natural gas, including from Louisiana and Maryland. The industry estimates that Indian companies have invested more than $10 billion in the United States’ liquefied natural gas and shale sectors.
The two countries also announced the Smart Grid and Energy Storage consortia under the U.S.-India Joint Clean Energy and Research Development Center.
Additionally, the U.S. Department of State is facilitating connections between American and Indian industry, state governments, and universities to advance energy solutions, the White House said.
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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.

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