Three main contracts were signed yesterday between state-owned Nuclear Power Corporation of India (NPCIL) and Russia's JSC Atomstroyexport for priority design works, working design and supply of the main equipment for stage III of Kudankulam NPP, an official release from the Russian company said.
JSC Atomstroyexport is a key foreign trade engineering company of State Corporation "Rosatom" for construction of nuclear power facilities abroad.
"The project for construction of Units 5 and 6 of Kudankulam NPP is passing to the practical implementation phase. Designing begins, as well as development of procurement procedures of the main equipment of the Russian production to complete Stage III of the Indian nuclear power plant", said Andrey Lebedev, the Vice-President on projects in the Southern Asia, JSC ASE EC.
"On July 13, an approval for these three key contracts was obtained from the Rosatom State Corporation, the RF Ministry of Economic Development and the Ministry of Finance. On July 19, the NPCIL Board of Directors approved signing of the three contracts on Units 5 and 6 of Kudankulam NPP," the release added.
The Kudankulam NPP was the outcome of an inter-governmental agreement between the erstwhile Soviet Union and India in 1988. It is the single largest nuclear power station in India. The power station was envisaged to have six units with total capacity to generate 6,000 MW of electricity (1,000 MW each).
Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on ndtv.com/elections. Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.