Monday, December 6, 2010

Multi-billion dollar nuclear deal signed between India & France

A multi-billion dollar agreement has been signed on Monday, between India and France, to build two nuclear power plants. Areva SA, one of France's main nuclear power companies, will build two European pressurized reactors of 1,650 megawatts each at Jaitapur in the western Indian state of Maharashtra, an agreement that is valued at around $ 9.3 billion.

This deal has marked the first two of 20 nuclear reactors India wants to build to meet its soaring energy demand.

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