Deal on 2 new reactors in Kudankulam unlikely during PM's tour
Moscow: Legal hitches appear to have cropped up in the plans to set up two new reactors in the Kudankulam Nuclear Power Project (KNPP) and a commercial agreement on it is unlikely to be signed
India has tried to assuage Russian concerns by making proposals on the liability limiting it to suppliers default in cases of equipment failure in the event of an accident.
Public sector General Insurance Corporation has been asked to work on details of the quantum of insurance and the premium including for the suppliers.
The sources said the deal on setting up Units 3 and 4 to be supplied by Russia is “close” to signing but for one aspect.
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