India, France to seal deal on Jaitapur nuclear plant in 2012

New Delhi, Jun 17: India on Saturday said it hopes to clinch later this year a deal with

for multiple

energy units at Jaitapur in Maharashtra to produce 9,900 MW of power.

"Negotiations are going on and are progressing well. We hope to seal the deal later this year," official sources said referring to the proposed pact involving six nuclear power units of 1,650 MW each.

He said "we have not yet achieved the financial closure for the deal". The technology for the power plants is proposed by French energy major Areva which has already entered into pacts with state-run Nuclear Power Corporation of India and private sector Larsen and Toubro.

PTI