India, France to seal deal on Jaitapur nuclear plant in 2012

New Delhi: India on Saturday said it hopes to clinch later this year a deal with France for multiple nuclear energy units at Jaitapur in Maharashtra to produce 9,900 MW of power.

"Negotiations are going on and are progressing well. We hope to seal the deal later this year," official sources said referring to the proposed pact involving six nuclear power units of 1,650 MW each.

He said "we have not yet achieved the financial closure for the deal". The technology for the power plants is proposed by French energy major Areva which has already entered into pacts with state-run Nuclear Power Corporation of India and private sector Larsen and Toubro.

The deal is to be signed with France for multiple nuclear energy units at Jaitapur to produce 9,900 MW of power.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)