Agreement with Russia for setting up Kudankulam Units 5&6

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Capital Market
Last Updated : May 05 2016 | 6:01 PM IST
An Inter-Governmental Agreement (IGA) between Government of India and Government of Russian Federation was signed in December 2008 for setting up units 3 to 6 at Kudankulam, Tamil Nadu in technical cooperation with Russian Federation. Discussions on the draft General Framework Agreement for setting up Units 5&6 (KKNPP 5&6) are currently in progress.

The project is planned to be set up on technical cooperation basis with shared scope of work. The Indian private industry would be involved in supply of equipment, execution of the works contracts, providing services in Indian scope of work and localisation of components.

The Kudankulam site was found to have an optimum potential for locating six units each of 1000 MW by the Site Selection Committee of the Government. The Government accorded 'in principle' approval for setting up of Units 5&6 at Kudankulam in October 2009, in addition to Units 1&2 then under construction and Units 3&4 which were accorded 'in principle' approval earlier. Regarding the cost of Units 5&6, discussions are in progress on the Techno-Commercial Offer submitted by the Russian side. The cost will emerge on conclusion of the discussions.

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First Published: May 05 2016 | 3:42 PM IST

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