India and France are trying to move forward on elements related to putting in place a financing mechanism and localisation component for the 9,900 MWe Jaitapur nuclear power plant in Maharashtra's Ratnagiri district. Responding to questions on civil nuclear cooperation between India and France and whether the Jaitapur project was put on pause, Foreign Secretary Vinay Mohan Kwatra said the French power company EDF and the Nuclear Power Corporation of India Limited (NPCIL) were discussing elements such as a financing mechanism and localisation component of the project. "The two entities on both sides -- EDF and NPCIL -- are essentially trying to move forward on these issues and a whole lot of progress has been made," the foreign secretary said. The first memorandum of understanding (MoU) for the Jaitapur nuclear project was inked in 2009 with French nuclear supplier Areva, which went bankrupt. In 2016, the EDF and NPCIL signed a revised MoU, and an "industrial way forward" in the ...
This would make it the largest nuclear power generating site in the country
Electricite de France's chief negotiator, Vakis Ramany, said the Jaitapur project would be economically viable