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Monday, August 18, 2008

Westinghouse, Areva eye India nuclear plants-paper

India's Nuclear Power Corp has tentatively picked four suppliers, including U.S.-based Westinghouse Electric and France's Areva, for planned new projects, the Hindu Business Line reported on Monday.

Citing unidentified government sources, the newspaper said General Electric-Hitachi and Russia's atomic energy agency Rosatom had also been qualified by India's monopoly nuclear power generator for placement of orders.

The United States on Thursday proposed to waive restrictions on critical nuclear trade with India in a draft circulated among member nations of the Nuclear Suppliers Group (NSG).

The draft would lift a 34-year embargo on nuclear trade with India and would be discussed by the 45-nation NSG next week in Vienna.

If trade with global players open up, India hopes to double its target to 40,000 megawatts of nuclear capacity by 2020, the newspaper said.

India has 17 nuclear power plants with a capacity of 4,120 megawatts, while six units of 3,160 MW are under construction.

State-owned Nuclear Power Corp has identified four coastal sites to build nuclear park or reactor clusters housing up to eight reactors of 1,000 megawatts each, the newspaper said.

(Source: Reuters)

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