India is reportedly negotiating with the U.S. government’s Export-Import Bank for a loan of up to $9 billion in order to help finance a six-unit nuclear unit that involves Westinghouse Electric‘s AP1000 technology, reports Nuclear Street. However, with the presidential elections ahead, the current situation at the bank is not very favorable: the bank is not allowed to make loans over $10 million with fewer than three directors at the helm, and currently, there are only two directors in place.
According to Times of India, Vijay Sazawal, director of the International Atomic Energy Consulting in Washington, said, “the goal right now is to get that financing done during President Obama’s tenure, knowing full well that it may or may not stick in a new administration following the … presidential election.”
