New Delhi (Sputnik) — India’s Atomic Energy Commission has made it clear that Western nuclear reactors will be welcomed only if it generates power at affordable rates.
"We are currently negotiating (with French company EDF) on the financing and cost aspect as we want to provide power from these plants at affordable tariffs. Once we come to a conclusion on this aspect, we will then go ahead with developing the plan for setting up of the Jaitapur nuclear power project," Ravi Grover, member, Atomic Energy Commission of India, said.
Before finalizing the decision of setting up new reactors, India is comparing costs of production with Kudankulam Nuclear Power Plant (KNPP), which is being established with the cooperation of Russia. On October 15, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin laid down the foundation stone for units 3 and 4 of the KNPP.