During Prime Minister Narendra Modi‘s visit to France last month, India signed two agreements related to the Jaitapur Nuclear Power Plant located in the western state of Maharashtra.
One of these, a pre-engineering agreement signed with AREVA, Alstom and Nuclear Power Corporation of India, aims to bring greater clarity on all technical aspects of the project. The second agreement signed between AREVA and Larsen and Turbo — a private player — is aimed at “reduction of cost by increasing localization to improve the financial viability of the project”, reports Business Standard.
As a result of these agreements India’s apprehensions over the new European Pressurized Reactors technology have been assuaged, and the India’s Department of Atomic Energy is now ready to settle for a price per unit of electricity to be between 9 cents to 10 cents.
According to the Indo-French nuclear cooperation agreement in 2008, Nuclear Power Corporation of India, with the help of AREVA, was to construct six reactors of 1650 MW each. With transfer of technology, some of the equipment could be produced in India, which could have an overall bearing on the cost.
On completion, the Jaitapur plant will the produce the maximum energy from among all the nuclear power plants in the country.
Last updated: December 26th, 2025
