India is all set to revive its $20bn nuclear plant deal with bankrupt American nuclear energy developer Westinghouse. The American company was to build six nuclear reactors in the southern Indian state of Andhra Pradesh at Kovvada, according to the original deal. As per several media reports, Westinghouse will move into a design and consultation role to provide technology for the nuclear reactors, while their construction will be handled by an Indian partner. Westinghouse which is a subsidiary of Japan-based Toshiba had declared bankruptcy in March. Sources familiar with the development told The Times of India: “A new business model is being worked out and things are being renegotiated. “Westinghouse is getting out of construction business, and they will design the reactors and provide consultation. The construction will be done by Indian companies.”
Energy Business Review 30th June 2017 read more »