Russia and India are ramping up energy ties and will construct at least 12 new nuclear reactors by 2035. Two will be completed by 2016 at the Kudankulam Nuclear Power Plant, Russian state-owned power company Rosatom confirmed Thursday.
"This morning a general framework agreement was signed on the construction and equipment delivery for the third and fourth blocks of the Kudankulam Nuclear Power Plant at the present site. Cement foundations [for the new blocks] will be poured in the beginning of 2016," Rosatom head Sergei Kiriyenko said Thursday, as quoted by Sputnik news agency.
In April, Russia and India agreed to begin phase two of the Kudankulam plant, which includes adding Block 3 and Block 4. It is the only nuclear power plant which meets all the 'post-Fukushima' safety requirements.
“Today we will sign a strategic document that foresees the construction of no less than 12 nuclear reactors over the next 20 years, or in other words this would be no less than two nuclear power plants,”Kiriyenko said.
Talking at a press briefing in India President Putin said the two countries had signed ‘a very important’ agreement to construct the total of more than 20 nuclear reactors.
“We have reached a new level of cooperation. This isn’t just about trade and services, but this is the creation of the new industrial branch,” he went on to say.