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Jaitapur atomic project: Areva seeks help of French govt & lenders on cost sharing

The company is supposed to supply two reactors of 1,650 Mw each to the Nuclear Power Corporation (NPC) for Jaitapur

Areva, the Paris-based partner for the government in the Jaitapur nuclear power project in Maharashtra, has asked the French government and banks for help on cost-sharing. The company is supposed to supply two reactors of 1,650 Mw each to the Nuclear Power Corporation (NPC) for Jaitapur but the negotiations on cost have still to conclude in an agreement. An NPC official, who did not want to be identified, said: “Areva has indicated the capital cost per Mw will be Rs 24-25 crore, while we are insisting on Rs 12-14 crore. We expect Areva to cooperate by accepting a higher level of ...