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France submits techno-commercial offer for Jaitapur nuclear power project

There have been several factors that were hindering the power plant, which includes the 'reference plant'

Press Trust of India  |  New Delhi 

Photo: Wikipedia
Representative image (Photo: Wikipedia)

French company has submitted a techno-commercial proposal to the government for the Nuclear Power Plant (JNPP), in a significant step towards the progress of the project, sources said.

A techno-commercial offer is an important step in the negotiations process as it helps the two parties determine the cost of the project and tariff of the generated from it.

The offer comes less than a week after and French agreed to expedite work on the project.

"Both countries are working to start the nuclear project as soon as possible. We are glad that NPCIL and have made progress based on the Agreement. Today, we have adopted the Status of Progress for Implementation of Agreement," Swaraj announced after holding talks with visiting French on December 15.

Sources said the proposal has been submitted to the of (NPCIL), an atomic power plants operating public sector undertaking under the

The government will now study the techno-commercial offer, sources added. This includes the cost of the project, loan to be given by and overall tariff of the

The Indo-French deal was signed in September 2008. Negotiations first began with French company Areva, but last year, French utility company took over its nuclear reactor business after the former faced financial issues.

There have been several factors that were hindering the power plant, which includes the "reference plant".

Since Areva, and now EDF, was bringing in a new technology, the Regulatory Board (AERB), the country nuclear watchdog, asked for a reference plant.

A reference plant is a functional power reactor and the had then cited a power reactor at

The JNPP, proposed to be the largest nuclear park in the country to be built in coastal Maharashtra, will have six reactors with a capacity of 1650 MW each.

First Published: Sun, December 23 2018. 18:50 IST