St. Petersburg: India and Russia today concluded a much-awaited pact for setting up the last two units of the Kundankulam nuclear power plant with Moscow’s help in Tamil Nadu after overcoming initial hurdles to finalise the strategic deal.
The General Framework Agreement (GFA) and Credit protocol for Units 5 and 6 of the Kudankulam nuclear plant are seen as a major outcome of the annual summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.
“We welcome the conclusion of the the General Framework Agreement and Credit protocol for Units 5 and 6 of the Kudankulam Nuclear Power plant,” said a vision document issued after the Modi-Putin talks.
The reactors will be built by India’s Nuclear Power Corporation of India Ltd (NPCIL) and Russia’s Atomstroyexport company, a subsidiary of Rosatom, the regulatory body of the Russian nuclear complex. Each of the two units will have a capacity to produce 1,000 MW of power.
The document titled ‘A vision for the 21st Century’ said economies of India and Russia complement each other in the energy sector and both countries will strive to build an “energy bridge”.
It said the future of Indian-Russian cooperation holds great promise across a wide spectrum covering nuclear power, nuclear fuel cycle and nuclear science and technology.