Nuclear ties between INDIA and FRANCE
India and France signed a multibillion agreement on Monday to build two nuclear power plants in India as French President Nicolas Sarkozy worked to drum up business for his nation during his four-day visit here.
Areva SA, one of France’s main nuclear power companies, will build two European pressurized reactors of 1,650 megawatts each at Jaitapur in Maharashtra.
The agreement, valued at about $9.3 billion, was signed in the presence of Mr. Sarkozy and Prime Minister Manmohan Singh.
The deal marked the first two of 20 nuclear reactors the country wants to build to meet its soaring energy demand.
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