October 5, New Delhi – On the sidelines of the 19th India-Russia Annual Bilateral Summit in New Delhi today the two countries signed a document for cooperation in implementation of new nuclear power projects
The Action Plan for Prioritization and Implementation of Cooperation Areas in the Nuclear Field identified jointly by Russia and India was signed by Director General of the State Atomic Energy Corporation Rosatom Alexey Likhachev and the Secretary of Department of Atomic Energy and Chairman of Atomic Energy Commission Kamlesh Vyas.
In particular the two countries intent to develop the project of six nuclear power units of Russian design at a new site in India, further enhance cooperation in the third countries and in new perspective nuclear technologies along with joint construction of nuclear power plants.
According to the document, for the new nuclear project in India Russia will offer the reference evolutionary VVER generation “3+” technical solutions and will increase the level of Indian industry’s involvement and localization.
“We are satisfied with our strategic cooperation with India, where the Russian designed nuclear power units are operating and being constructed at Kudankulam site. We expect to start implementation in the near future serial construction of new units at a second site in India. This will significantly increase level of equipment localization within framework of the “Make in India” policy, as well as optimize timing and cost of the project execution. Moreover, India is our trusted partner, with whom we are already implementing projects in the third countries, and we plan to enhance this cooperation,” said Alexey Likhachev.
ROSATOM is a Russian state-owned corporation and one of the global technological leaders. It is one of the leading diversified industry holding companies of the Russian Federation and one of the largest taxpayers of the country. It includes nuclear power and power engineering assets, as well as NPP design and construction. ROSATOM is the largest power generating company in Russia, producing 202.868 bln kWh of electricity in 2017. ROSATOM has the world’s largest portfolio of foreign construction projects (36 NPP Units in 12 countries), the second largest uranium reserves globally and ranks fourth in uranium production. ROSATOM covers 17% of the global nuclear fuel market. ROSATOM also manufactures equipment and produces isotopes for nuclear medicine, carries out research, engages in material science. It also produces supercomputers and software as well as different nuclear and non-nuclear innovative products. ROSATOM’s strategy is to develop clean energy projects, including wind energy. ROSATOM brings together over 300 enterprises and organizations, including the world's only nuclear icebreaker fleet.