modi in russia kudankulam nuclear power deal on top of agenda
Prime Minister Narendra Modi has reached St. Petersburg, Russia to attend the India-Russia annual summit with Russian President Vladimir Putin, in which both sides will sign several agreements. At the moment, all eyes are on the agreement related to Russia’s help for the last two units of India’s largest nuclear power plant. PM Modi gave a tweet about the arrival of Peter. He hoped that his visit would strengthen India-Russia relations.
On Friday, PM Modi will join Russian President Putin in the St. Petersburg International Economic Forum (SPIEF). This is the first time that India is participating in this business program. A few hours before the Indo-Russian annual summit started on Thursday, Indian officials said that the final round of negotiations is going on in connection with the agreement and language of the agreement on the loan assistance for the construction of unit 5 and 6 of Kudankulam nuclear power plant in Tamil Nadu. . According to the sources, the work on the agreement continues. The plants are being manufactured by Atomic Energy Corporation Corporation (NPCIL) and the Atomic Energy Regulatory Board of Atomsstruck, a subsidiary of the Russian nuclear plant.
12 agreements may be signed between the two countries, including science and technology, railways, cultural exchanges and other areas. Both leaders will also release a Vision Document. However, the focus of the two countries at the 18th India-Russia Annual Summit is to sign the Nuclear Agreement. Apart from India and Russia, the countries around the world have looked at this agreement. Earlier this was also the center of the bilateral summit in Goa in October 2016. If this agreement is reached, then the two units with the power generation capacity of one thousand MW will increase the nuclear energy production significantly in the country. At present, all the 22 nuclear power plants in India have a power generation capacity of 6,780 MW.
In October 2015, a joint statement by Modi and Putin was promised to the General Framework Agreement on nuclear units by December 2016. After the approval of the Inter-Ministerial Group, it was sent to the Prime Minister’s Office for acceptance, but the credit protocol (financial help) provided by Russia is proving to be a barrier. Apart from this, Russia has recently grown closer to Pakistan and China, due to which the economic relations of Russia’s traditional friend Russia have become complicated.
