Report: India to build $11B power plant

Report: India to build $11B power plant NEW DELHI

India plans to build a large atomic power plant in the western state of Maharashtra, encouraged by the civilian nuclear deal with the U.S. that will help the country access the international market for nuclear fuel and technologies, a news report said.

State-run Nuclear Power Corp. of India Ltd. plans to build the 10,000 megawatt plant using European pressurized reactors, or EPRs, from France, Germany and Finland, the Financial Express newspaper reported.

EPRs are third generation nuclear reactors that feature better safety standards and significantly contain radioactivity in the event of an accident.

The plant, comprising six units, each having the capacity to generate 1,650 megawatts of electricity, will cost 500 billion rupees ($11.4 billion), the report said quoting S.K. Jain, chairman of the Indian company.