Entering India
On 18 December 2008 Areva signed an agreement with the Nuclear Power Corporation of India Limited (NPCIL) for the supply of 300 tonnes of uranium to India for power generation, thus becoming the first-ever foreign supplier of Uranium to the country after the NSG waiver.
On 4 February 2009, Areva signed a MOU to supply two to six nuclear reactors to the Nuclear Power Corporation of India Limited. The deal is thought to be worth around 12.3 billion dollars (600 billion rupees), an all-time record for the company surpassing the 8-billion Euro (11.1 billion dollars) deal signed with China a few years earlier. They are also likely to supply fuel for the project which is intended for the western Indian state of Maharashtra and carry out the construction of a 110/11KV Substation for Infopark at Cherthala in Kerala.
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Famous quotes containing the words entering and/or india:
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