Moscow: With Prime Minister Narendra Modi arriving in St. Petersburg, as part of his four-nation tour, the officials from both the sides have begun to iron out details and language of possible bilateral agreement for building Unit 5 and 6 of the Kundankulam nuclear power plant in Tamil Nadu.
PM Modi has come to Russia for an annual summit with President Vladimir Putin during which the two sides are expected to sign a host of agreements, including the last two units of India’s largest nuclear power plant.
The last two units of the Kudankulam power plant are expected to be built in collaboration with a Russian company. If successful, the deal will be the centrepiece of the meet in which 12 other agreements are likely to be inked. Further, the meeting between PM Modi and President Vladimir Putin is expected to help boost trade and resolve tensions over shifting alliances.Shortly after his arrival, PM Modi had tweeted that he looked forward to a fruitful engagement with the Russia side.
Kundankulam Nuclear Deal
The reactors are being 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, according to PTI.
The two sides are expected to ink 12 agreements in wide-ranging sectors, including in science and technology, railways, cultural exchanges and other business areas between private parties also, in addition to a “vision statement” that the two leaders will release.
The nuclear deal, if signed, would be the centerpiece of the summit, the second time in eight months after their last bilateral in Goa in October 2016.
If signed, the two units of the plant, with capacity to produce 1000 MW of electricity each, will significantly boost the country’s nuclear power generation.
The current nuclear power generation capacity of all 22 nuclear power reactors is 6,780 MW.
In October 2015, a joint statement between Modi and Putin promised the signing of a General Framework Agreement on the nuclear units by December 2016.