Washington: This is really a good and fruitful news for India as super power United States has finally signed civilian nuclear agreement between both the countries on Wednesday.
Now with this agreement both the countries India and US to start preparatory work on six nuclear power plants in India. This decision came during the ongoing tour of the India’s Prime Minister Narendra Modi on America visit.
The PM Modi has expressed his thanks to the US after meeting with the President Barack Obama.
Not only this United States has backed India as a major defence partner.
“Culminating a decade of partnership on civil nuclear issues, the leaders welcomed the start of preparatory work on site in India for six AP 1000 reactors to be built by Westinghouse and noted the intention of India and the US Export-Import Bank to work together toward a competitive financing package for the project,” a joint statement issued following Tuesday’s talks between the two leaders said.
“Once completed, the project would be among the largest of its kind, fulfilling the promise of the US-India civil nuclear agreement and demonstrating a shared commitment to meet India’s growing energy needs while reducing reliance on fossil fuels.”
The Civil Nuclear Cooperation deal was signed on July 18th in 2005 by the then Prime Minister of India Manmohan Singh and US President George W. Bush which was known as 123 Agreement.
“Once completed, the project would be among the largest of its kind, fulfilling the promise of the US-India civil nuclear agreement and demonstrating a shared commitment to meet India’s growing energy needs while reducing reliance on fossil fuels,” the joint statement said.
“Both sides welcomed the announcement by the Nuclear Power Corporation of India, and Westinghouse that engineering and site design work will begin immediately and the two sides will work toward finalising the contractual arrangements by June 2017.”
The AP 1000 is a nuclear power plant designed and sold by Westinghouse, a subsidiary of Japan’s Toshiba.
The US based news paper the statement said the US and India shared common climate and clean energy interests and were close partners in the fight against climate change.