India: AREVA Signs Agreements for the Development of the Jaitapur Nuclear Power Plant Project

Regulatory News:

During the visit of Narendra Modi, Prime Minister of India, in France, Areva (Paris:AREVA) signed two agreements with its Indian partners for the preparation of the Jaitapur EPR project.

In the presence of Prime Minister Modi and French President François Hollande, AREVA signed a Pre-engineering Agreement (PEA) contract with the Indian operator Nuclear Power Corporation of India Limited (NPCIL) for the preparation of EPR licensibility in India for the Jaitapur project. These studies will also enable both companies to finalize the technical configuration of the project.

AREVA and Larsen & Toubro (L&T), India’s largest engineering and construction conglomerate, also signed a memorandum of understanding to explore avenues of collaboration for the future Jaitapur project.

In February 2009, AREVA and NPCIL signed a Memorandum of Understanding for a partnership in nuclear power generation to build up to six EPR reactors at the Jaitapur site. A General Framework Agreement for the construction of the first two EPR reactors was signed in December 2010.

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