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Business News/ Companies / Areva wants early closure of talks to complete Jaitapur project by 2021
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Areva wants early closure of talks to complete Jaitapur project by 2021

Areva technical and commercial negotiations with NPCIL should be completed by the year-end or in early 2014

Tarik Choho, chief commercial executive officer, Areva. Areva is the technology partner for the 9,900 MW Jaitapur nuclear power project in Maharashtra. Photo: S. Kumar/MintPremium
Tarik Choho, chief commercial executive officer, Areva. Areva is the technology partner for the 9,900 MW Jaitapur nuclear power project in Maharashtra. Photo: S. Kumar/Mint

Mumbai: French nuclear engineering company Areva SA, the technology partner for the 9,900 MW Jaitapur nuclear power project in Maharashtra, said technical and commercial negotiations with Nuclear Power Corporation of India Ltd. (NPCIL) should be completed by the year-end or in early 2014 if the project is to meet its target of starting power generation by 2021.

“We will like to conclude negotiations as soon as possible but no time frame can be given," Tarik Choho, chief commercial executive officer at Areva, said in an interview.

“Considering NPCIL’s target of commissioning the plant by 2021, then the techno-commercial negotiation should be concluded by the end of this year or early next year," Choho said.

R.K. Sinha, secretary, department of atomic energy (DAE), had on Thursday said that the department will ensure that the cost of power generated by the Jaitapur project does not exceed Rs6.50 per unit when it becomes operational in 2020-21. This is to make the cost comparable with that charged by conventional sources of power.

On the final price of power from this project, Choho said, “Various numbers are floating around and we hear numbers like Rs6.50 per unit and Rs9 per unit. But my guess is that it is going to be somewhere in between these two numbers."

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Published: 29 Nov 2013, 08:36 PM IST
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