EC nod to DAE for Kudankulam pact

Image
Press Trust of India New Delhi
Last Updated : Apr 07 2014 | 9:05 PM IST
The Election Commission has given clearance to the Department of Atomic Energy to sign an agreement with its Russian counterpart for unit 3 and 4 of Kudankulam Nuclear Power Plant project (KKNPP) and a deal is expected to be signed soon.
"The Election Commission gave a green signal late last week. Now we can go ahead with the project," a senior DAE official said on condition of anonymity.
Sources said the Nuclear Power Corporation of India Ltd (NPCIL), a Public Sector Undertaking under DAE which builds operates and runs nuclear power plants in the country, has also approached its Russian counterpart.
"A date will be decided by both the parties and the agreement should be signed soon," added the official. The agreement could be signed as early as this month.
Units 3 and 4 of the KKNPP were stuck over the liability clause. In October last year, the deal could not be signed over the same issue when Prime Minister Manmohan Singh visited Russia. However, after hectic negotiations between both the parties the issue was sorted out.
Last month, DAE secretary RK Singh along with other senior officers of the department had a meeting here with the Russian counterparts in which the deal is said to be been sealed. Things were expedited and the proposal was moved before the Cabinet Committee on Security.
However, the atomic department wanted to seek permission of the Election Commission as elections were declared a week later. "We wanted to play safe and did not want any kind of hurdles as the project has already been delayed for a long time," added the officer.
"Several deals including the Indo-US Nuclear Deal was inked during the UPA regime. KKNPP 1 and 2 also got commissioned during the Manmohan Singh tenure and the government wanted this agreement to be signed at the earliest," the official added.
In its ten-year tenure, the UPA government has signed nuclear deals with US, UK, France, Kazakhstan, South Korea for exchange of technology on nuclear issues and import of good quality uranium required for nuclear plants. Unit 1 of KKNPP was also commissioned during this time.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 07 2014 | 9:05 PM IST

Next Story