Russia to Give 3 Billion Dollar Loan to Indian Atomic Power Unit

Published December 15th, 2000 - 02:00 GMT
Al Bawaba
Al Bawaba

Russia has agreed to extend a 3 billion dollar long-term loan to India for a nuclear power project in the southern Indian state of 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 is wanting to generate 20,000 megawatts of nuclear power by 2020. 

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

The official said work on the Koodankulam project, which is being built with Russian cooperation in Tirunelveli district, is expected to start in January 2001 -- NEW DELHI (AFP)  

 

 

 

© 2000 Al Bawaba (www.albawaba.com)

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