Westinghouse Hopes to Sign India Nuclear Reactor Deal in June

Westinghouse Hopes to Sign India Nuclear Reactor Deal in June

Daniel Roderick, the chief executive of Toshiba Corp’s Westinghouse Electric said he expects to sign a deal in June to build six nuclear reactors in India. “It may take until, I’m going to say, early June, which is the next time that there’s going to be a government-to-government meeting with India,” Roderick told Reuters in Washington.

The deal would be the first nuclear commercial power project since the United States and India agreed in 2008 to cooperate in the civil nuclear arena.

Daniel Roderick, president and CEO of Westinghouse
Daniel Roderick, president and CEO of Westinghouse

Roderick added that Westinghouse was still working on details of the nuclear operator liability issue, but that progress had been made. “We are certainly comfortable enough to go to the next step from where we are right now, and if India continues to deliver on its milestones for the insurance program, then that should satisfy what Westinghouse needs,” he remarked.

India wants to increase its nuclear capacity to 63,000 megawatts (MW) by 2032, from 5,780 MW, in an effort to reduce its dependence on fossil fuels and mitigate the dangerous effects of climate change.

“We have submitted everything that we need to India and they have reviewed it and they are in the process now of finalizing the paperwork,” Roderick noted.


About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
India Business Guide
White Papers
Case Studies
Companies In India