India, France Push $9.3 Billion Areva Nuclear Reactor Contract
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France and India signed an agreement that will allow Areva SA to build two nuclear reactors for $9.3 billion to help meet soaring energy demands in Asia’s second-fastest growing major economy.
French President Nicolas Sarkozy told reporters at a joint press conference with Indian Prime Minister Manmohan Singh in New Delhi that there was “no limit” to the countries’ nuclear cooperation, and that today’s pact, the first between the two nations, would eventually be expanded to six reactors. “We propose a total partnership for the civil nuclear” sector, he said.