Russia, India Sign $700 Mln In Nuclear Fuel Deals
11 February 2009
REUTERS (MOSCOW)-Russia signed more than $700 million in deals on Wednesday to supply India's nuclear reactors with fuel pellets. Russia's state-owned nuclear company, Atomenergoprom, said its nuclear fuel unit, TVEL, and Indian nuclear officials signed the deals in Mumbai. Russia is building two 1000 megawatt reactors at Kudankulam in southern India and intends to build four more reactors at the site. Typical Russian reactors cost $2 billion, however Russia is expected to give a considerable discount in order to secure cooperation. Russia also plans to cement economic relations with India by doubling trade to $10 billion by 2010. Source: http://in.reuters.com/article/topNews/idINIndia-37956420090211 (Reliability: High - 47.94)
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