rediff.com: Russia to extend loan for Indian N-power unit: AFP


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December 16, 2000

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Russia to extend loan for
Indian N-power unit

NEW DELHI (AFP) - Russia has agreed to extend a $3 billion long-term loan to India for a nuclear power project in Tamil Nadu, an official said.

The Press Trust of India quoted Atomic Energy Commission additional secretary R.M. Premkumar as saying that a report on the Koodankulam project was being prepared and issues relating to technology transfers and commercial terms would be taken up with Russian experts.

The Indian Government wants to generate 20,000 megawatts of nuclear power by 2020.

Premkumar said the combined generation of atomic power in the country is estimated at 3,000 megawatts.

The official said work on the Koodankulam project, built with Russian co-operation in Tirunelveli district, is expected to start in January 2001.

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Russia to extend loan forIndian N-power unit

Russia to extend loan for
Indian N-power unit