French ECA guarantees Jaitapur nuclear project

(Business Standard, New Delhi, 23 December 2010) A French ECA line of credit for two EPR reactors of Nuclear Power Corporation Ltd at Jaitapur in Maharashtra will come along with sovereign guarantees from the French and Indian governments. The extent of guarantee will depend on what portion of the cost the French credit will cover. NPCIL will buy two reactors from French energy major Areva, the Department of Atomic Energy will sign a separate agreement with the company for supply of uranium.