Jean Bernard Levy, group chairman and CEO, Electricité de France (EDF), met Jyoti Mukul few hours after entering into agreements with Nuclear Power Corporation of India and other Indian companies for the Jaitapur nuclear power plant on Saturday. The French state-run power major that has globally moved to a low-carbon business model is looking to increase its power generation capacity in India to 2 GW. In an exclusive interview, Levy pitches for concerted steps towards contract signing for Jaitapur while hoping for standard federal regulations in the renewable sector. Edited excerpts:
What are the broad contours of three agreements signed by you for Jaitapur—one with NPCIL and two with other companies including Reliance, Energie, L&T, etc?
This is a very important milestone for a low-carbon transition for India. In future, nuclear and renewable will be the right mix for India. Nuclear will be the building block for base load power. Through the agreement, we are creating a structure to implement a contract in future. We have signed an industrial agreement which sets the goals for who does what and this should lead to the contract. We will have two joint ventures—for engineering and nuclear standards—so that our set-up is ready. These all will concur to make the project go well. The government has given a push to Jaitapur. It is a decisive step but not the final step. We still need a lot of sweat to get to the next point which will be the contract. Read More