India, Russia to embark on $45 bln nuclear energy roadmap

Reports that Russia has an agreement to construct at least one nuclear reactor a year in India until 2030.

India, Russia to embark on $45 bln nuclear energy roadmap | Russia & India Report:

This can be the mother of all Indo-Russian joint projects and collaborations and this also explains why Russian President Vladimir Putin paid a stand-alone visit to India on December 24, albeit only for 15 hours.
India and Russia agreed to an ambitious roadmap for deepening their cooperation in civilian nuclear energy and construct together 16 to 18 nuclear energy plants in India of 1000 MW each. At today’s prices, the latest nuclear energy roadmap, whose broad contours are yet to be shaped up, could be worth a whopping $45 billion, sources told RIR.
Kudankulam nuclear plants Unit 1 and 2 have cost India slightly above one billion dollars apiece. For the third and fourth units, the Russians have already conveyed to the Indians that the prices would double in the wake of Indian government invoking new nuclear liability regime. Therefore, the proposed “16 to 18” nuclear power plants would be costing about $ 2.5 billion apiece and hence the figure of $45 billion, considering one takes the figure of 18 proposed plants.

India, Russia to embark on $45 bln nuclear energy roadmap | Russia & India Report: