India pushing for Jaitapur n-plant despite cost escalation | Current Affairs, Current Affairs 2018

India pushing for Jaitapur n-plant despite cost escalation

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Indian nuclear establishment continues to push for the Jaitapur Nuclear Power Project (JNPP) planned in Ratnagiri, Maharashtra.
A fresh bid to hammer out a deal is expected when French President Emmanuel Macron visits India.
JNPP, first envisioned in 2009, kick-started with an agreement for two of six third-gen 1,650-MW European Pressurised Reactors (EPR) — totalling 9,900 MW—plus supply of nuclear fuel for 25 years. The deal was signed between Areva S.A. and the Nuclear Power Corporation of India Ltd. (NPCIL) in 2010.
However, the situation has since altered dramatically. Governments have changed in both countries, Areva S.A. had to be bailed out and now its new owner, Electricite De France (EDF), is reportedly insisting on a hike in per megawatt (MW) cost of around 25 percent from the original quotation of Rs 30 crore per MW.
Ignoring both local protests as well as the fact that French nuclear giant Areva S.A. is facing a financial crisis, thegovernment seems keen on getting the project going,
Despite the stiff opposition from local villagers, farmers and fisherfolk, besides environmentalists, the government of India went ahead with acquiring 968 hectares of land, constructing a boundary wall and building the basic ground infrastructure in preparation for the upcoming main “nuclear park”, the official informed.
India seems to be optimistic that Macron’s visit could be a clincher and the set the ball rolling once again on the long-pending and costly JNPP proposal, now pegged at Rs 1.12 trillion ($17 billion).

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