French company EDF has submitted a techno-commercial proposal to the government for the Jaitapur Nuclear Power Plant (JNPP), in a significant step towards the progress of the project, sources said.
A techno-commercial offer is an important step in the negotiations process as it helps the two parties determine the cost of the project and tariff of the electricity generated from it.
The offer comes less than a week after External Affairs Minister Sushma Swaraj and French Foreign Minister Jean-Yves Le Drian agreed to expedite work on the project.
“Both countries are working to start the Jaitapur nuclear energy project as soon as possible. We are glad that NPCIL and EDF have made progress based on the Industrial Way Forward Agreement.
Today, we have adopted the Status of Progress for Implementation of Industrial Way Forward Agreement,” Swaraj announced after holding talks with visiting French Foreign Minister Jean-Yves Le Drian on December 15. Read More