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Web Exclusive | June 2017

ASE-NPCIL sign agreement on 3rd stage of Kudankulam NPP construction

ASE Group of Companies and Nuclear Power Corporation of India Ltd. Have signed a general framework agreement on the construction of the third stage of the Kudankulam nuclear power plant in Tamil Nadu state (India).

Valery Limarenko, president of ASE group of companies, and Satish Kumar Sharma, Chairman and Managing Director of the NPCIL signed the general framework agreement. The agreement stipulates the construction of two Russian-designed power units, No. 5 and No. 6. The documents were necessary for starting the third-stage construction of the Kudankulam NPP. They specify the obligations of the parties and other important cooperation conditions.

Commenting on the development, Limarenko said, “All the formalities have been executed in order to finally launch the project of the construction of two new power units of Kudankulam NPP under Russian technologies. I would like to point out with satisfaction that in such a way the project implementation has been transferred into the practical phase. We highly appreciate the joint work with the Indian colleagues on construction of Kudankulam NPP in Tamil Nadu.”

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