Russia, India Reach Agreement on New Reactors at Kudankulam

After a long impasse, Russia and India have reached an agreement for the construction of units 3 and 4 at the Kudankulam nuclear plant.

Nuclear Power Corp. of India Ltd. signed a general framework agreement with Russian officials Thursday, The Hindu and other Indian media reported. The size of the deal was reported at $5.48 billion. The terms resolved a disagreement over implementation of a civil liability law India enacted in 2010.

Kudankulam in the state of Tamil Nadu is currently the site of two 1,000 megawatt Russian reactors nearing completion. Last week, NPCIL said full commercial operation of the first unit has been pushed back to May, the Indo-Asian News Service reported. The unit connected to the grid in October and has been running at partial power. Unit 2 is expected to enter commercial service this December.

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