Tuesday, 31 May 2016
Westinghouse to relocate planned nuclear plant to Andhra Pradesh, officials say
NEW DELHI: Toshiba Corp's Westinghouse Electric will relocate a planned project to build six nuclear reactors in India, said officials, bringing the first deal stemming from a US-India civil nuclear accord struck over a decade ago closer to reality.
The breakthrough comes ahead of a June 7-8 visit by Modi to Washington, where he will be hosted by President Barack Obama for a final summit before the US presidential election in November, and will address both houses of Congress.
US lawmakers ratified the civil nuclear accord three years after it was struck in 2005, as part of an attempt to deepen the strategic relationship with India, but have expressed growing dismay over its failure to yield follow-on deals for US-based reactor makers like Westinghouse.
One obstacle was bringing India's liability rules into line with international norms, which require the costs of an accident to be channeled to the operator rather than the maker of a nuclear power station.
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