Modi, Obama make deal to build six nuclear reactors in India

Modi Obama 1 elp

Westinghouse Electric Co., a unit of Toshiba, will work with the Nuclear Power Corp. of India to engineer and design six nuclear power plants in India, according to reports.

This agreement was negotiated during a meeting between President Barack Obama and Indian Prime Minister Narenda Modi at the White House.

This is the first agreement of its type since a nuclear power deal was struck between the two nations in 2008, however the final contract will not be completed until next year.

White House officials see this project as a way to strengthen ties with India and counterbalance China, which also exports its nuclear energy technology to other nations, and has build nuclear reactors in India.

Westinghouse will be supplying its AP1000 reactor technology, while India and the U.S. Import-Export Bank will provide financing, according to the White House.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs