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India says expects Westinghouse reactor deal in 2016

Published 30/12/2015, 09:02 pm
India says expects Westinghouse reactor deal in 2016
6502
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By Sankalp Phartiyal

NEW DELHI, Dec 30 (Reuters) - India confirmed on Wednesday that it was on track to seal a deal in 2016 with Westinghouse Electric Co LLC to build six nuclear reactors, in a sign the country's $150 billion nuclear power programme is getting off the ground.

India also said that it had a deal to build at least 12 other reactor units with Russian collaboration, and that the federal cabinet had approved a civil nuclear deal with Australia

for fuel supply.

A senior government source had told Reuters earlier this month that the contract with Westinghouse, a unit of Toshiba Corp 6502.T , to build the reactors in Prime Minister Narendra Modi's home state of Gujarat could be finalised in the first half of next year. urn:newsml:reuters.com:*:nL3N14D15T

India plans to build roughly 60 reactors, which would make it the world's second-biggest nuclear energy market after China.

It wants to increase its nuclear capacity to 63,000 megawatts (MW) by 2032, from 5,780 MW, as part of a broader push to move away from fossil fuels, cut greenhouse gas emissions and avoid the dangerous effects of climate change. (Editing by Paritosh Bansal)

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