Nuclear

Obama Administration Hopeful Deal for Nuclear Plant in India Will Happen This Year

By Editors of Power Engineering

Representatives of the Obama administration are hopeful a deal to develop a nuclear power plant in India will be announced by the end of this year.

The anticipated deal could emerge from ongoing talks between the U.S. and India over commercial and financing details of their civil nuclear agreement, the Economic Times reported.

“What remains (of the civil nuclear agreement) is the actual commercial deal to be negotiated and the financing to be negotiated. That I think is moving forward,” said Nisha Desai Biswal, Assistant Secretary of State for South and Central Asia.

One of the debated issues a development package that would be satisfactory to both commercial partners for Westinghouse and the Indian government.

Though civil nuclear agreements negotiated during the Bush administration set the two countries on this path, it left a number of issues unresolved, including nuclear liability, Biswal said.

Westinghouse and the Nuclear Power Corporation of India have announced that engineering and site design work will begin immediately, with the hopes of finalizing contracts by June.