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NPCIL, Areva to sign two major deals

Monday, 06 Dec 2010
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NPCIL and Areva are expected to sign two deals on 6 December 2010 for setting up the 10,000 MWe nuclear power project at Jaitapur in Maharashtra.

The two agreements are a general framework agreement (GFA) and an early works contract. The general framework agreement will list out the scope of work, terms and conditions of plant life, guarantees and warrantees, and guaranteed plant load factor. The early work contract on the other hand, is to specify the design of the project, civil structure, and intake of water as required under the coastal zone regulations.

NPCIL and Areva had in 2009 signed an MoU for the supply of six European Pressurised Reactors or Evolutionary Power Reactors (EPRs) of 1,650 MWe each. Initially, these two agreements would be for the supply of two EPRs by Areva. The project is likely to entail an investment of over Rs 1 lakh crore.

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Addendum:

NPCIL on 6 December 2010 inked framework agreements for sourcing two reactor units from Fracnce based Areva SA and an assurance on uranium supplies to fuel them.

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