French President Emmanuel Macron and Indian Prime Minister Narendra Modi urged Electricite de France SA and India's monopoly atomic energy producer, Nuclear Power Corp., to accelerate discussions on a contract and start work at the site in Jaitapur, in Maharashtra state, by December.
"Once installed, the Jaitapur project will be the largest nuclear power plant in the world, with a total capacity of 9.6 gigawatts," according to a joint statement issued Saturday by the governments during Macron's visit to India.
International equipment makers have been hesitant to move forward with projects in India because the nation's nuclear liability law exposes reactor suppliers to claims for damages during an accident. That complicates India's plans to expand its nuclear power capacity more than ninefold by 2032.
In the statement, the two leaders "welcomed the understanding shared by the two parties on the enforcement of India's rules and regulations on Civil Liability for Nuclear Damages applicable to the Jaitapur project."
French state-run reactor maker Areva SA signed an initial agreement in 2009 with Nuclear Power for the Jaitapur project following a civil nuclear cooperation accord between the governments. After Areva's restructuring, EDF in 2016 signed an initial pact with the Indian atomic energy producer to supply six reactors at Jaitapur, a small town on India's western coast known for its mango and coconut orchards.
EDF will undertake all the studies and component purchases for the first two reactors. For the remaining four, some of those activities could be assigned to local companies, according to an emailed statement from the French supplier.
India's nuclear power capacity is about 6.8 gigawatts, barely 2 percent of the country's total generation capacity.