Press Esc to close
Tuesday 17 January 2017
News updated at 6:20 PM IST
Weather
Max: 28°C
Min : 15.7°C
In Bengaluru
Sunny day

Deal on 2 new reactors in Kudankulam unlikely during PM's tour

Moscow, Oct 20, 2013, (PTI)
Prime Minister Manmohan Singh waves upon his arrival at the Government Airport Vnukovo-2 outside Moscow, Russia on Sunday. PTI Photo
Legal hitches appear to have cropped up in the plans to set up two new reactors in the Kudankulam Nuclear Power Project (KNPP) and a commercial agreement on it is unlikely to be signed at the Annual Summit between Prime Minister Manmohan Singh and Russian President Vladimir Putin here tomorrow.

All issues except one on the liability clause has been resolved and lawyers on both sides are working on it, Government sources said.

"In any case it (agreement) won't be signed during the visit because it is a commercial agreement between NPCIL and Rosatom. They would like to do it separately," they said.

Russia, with whose collaboration the KNPP has been set up, is opposed to the project coming under the ambit of the Nuclear Civil Liability Law of India and wants it to be covered under the Inter-governmental agreement on the issue.

India has tried to assuage Russian concerns by making proposals on the liability limiting it to suppliers default in cases of equipment failure in the event of an accident.

Public sector General Insurance Corporation has been asked to work on details of the quantum of insurance and the premium including for the suppliers.

The sources said the deal on setting up Units 3 and 4 to be supplied by Russia is "close" to signing but for one aspect.

"It (deal) is very close. We have settled most of the issues except one. It is now with the lawyers. The lawyers of both sides have to clear it. So we are waiting for them to actually tell us," the sources said.

Asked whether the two governments have agreed on the deal on Units 3 and 4, the sources said: "It is very close. Everything else is cleaned up. It is just the lawyers legal vetting. It is the last stage. We have agreed on the terms and we have agreed on all that."

The sources said the two countries have agreed on all terms except on one.

Asked whether the liability clause of the nuclear liability law was the hitch, they said, "Yes, it is under discussion. It includes all that. That is why lawyers have to sign it."

"When it is done we will tell you. Till it is not done we can't tell you," they said.

Prime Minister Singh had told the Russian media ahead of his two-day visit to Moscow that "Indian and Russian companies have been holding negotiations on finalising arrangements for Kudankulam Units 3 and 4 and I am confident that these contracts would be finalised shortly."

On other aspects of bilateral ties with Russia, the sources said India was in the process of reaching agreements on expanding the programme including in hydrocarbons sector and the deals may be signed in this area.

To a question whether the relationship has undergone a change, the sources said India has adopted to changes after the break up of the Soviet Union and the ties have picked up.

"Russia is now a privileged partner with ties in defence, energy and other areas. We have a politically comprehensive relationship on the right trajectory," they said.

 

Go to Top

Photo Gallery
London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523