Talks On Jaitapur NPP in India -- Potentially The World's Largest -- On Modi-Hollande Agenda

Restarting progress on the Jaitapur nuclear power plant in India will be high on the list of discussion points between Indian Prime Minister Narendra Modi and French President Francois Hollande, according to media reports.

ArevaModi's first trip to Europe as prime minister includes a stop in France that begins Thursday.

The Jaitapur project stalled due to a gap between the two sides on the cost of power produced at the proposed nuclear power station.

An agreement for a 9900 MW power plant envisioned construction of the world's largest nuclear power plant in terms of net electric power rating. Agreements were signed in December 2010 by the leaders' predecessors Manmohan Singh and Nicolas Sarkozy for the first phase of the construction project and for a 25-year supply agreement of nuclear fuel. A $9.3 billion contract was signed by French nuclear power giant Areva S.A. and the state-owned Nuclear Power Corporation of India.

Plans call for construction of six 1,650-megawatt European Pressurized Reactors designed by Areva. The land for the facility, 2,000 hectares, was purchased by the Indian government in 2010.

However, differences in price of electricity have held up the project for about a year. In July 2014, an Indian diplomat quoted in The Hindi said, “we cannot have power supplied at rates higher than what other foreign competitors, including Russia and the United States, offer.”

Liability concerns and heightened caution provoked by the March 2011 earthquake and tsunami event at the Fukushima Daiichi nuclear power plant in Japan have also slowed the project down, according to media reports.

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