India, Russia sign pact for 2 nuclear power units in Kudankulam
India and Russia signed a pact to set up two more units of a nuclear power plant at Kudankulam in Tamil Nadu.
The talks between Prime minister Narendra Modi and Russian President Vladimir Putin covered a wide range of issues, significant among them are terrorism and increased trade and investment.
The Indian Prime minister stated that the two countries had similar views on the problem of terrorism.
In a joint press conference the Indian Prime minister remarked that the partnership was based on mutual love, respect and strong trust.
An Action plan has been devised to enhance bilateral cooperation in all fields.
The two sides signed five agreements:
- The framework agreement for setting up unit 5 and 6 of the Kudankulam nuclear power plant(KNPP) in Tamil Nadu was concluded during the current visit of the Indian Prime minister
- A high-speed train service between Nagpur and Secunderabad
- Export of precious stones and jewellery
- Program on cultural exchanges
- By expanding bilateral relations in all areas of energy cooperation, which include nuclear, hydrocarbon, hydel and renewable energy sources, we envision the creation of an energy bridge
They also decided to give a new direction to the existing defense cooperation.
- This includes holding first tri services exercise Indra 2017
- In addition to the co-production of Kamov-226 military helicopters, start joint manufacturing of frigates
Enhanced cooperation in the field of nuclear energy:
- The two reactors will have an individual capacity of 1000MW
- They will be built by the Nuclear power cooperation of India and Russia’s Atomstroyexport company, which is a subsidiary of the Russian nuclear energy regulator
- Enhanced cooperation in nuclear power sector has created possibilities for developing advanced nuclear manufacturing capacities in India, which is in line with India’s Make in India initiative
- Both India and Russia are committed to the program of action for localization in India, that was signed on Dec 24, 2015
- Cooperation in the field of nuclear energy is one of the hallmarks of our energy security partnership