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10 April 2007 - India plans to build a large atomic power plant in the western state of Maharashtra, encouraged by the civilian nuclear deal with the USA that will help the country access the international market for nuclear fuel and technologies, a news report said.
State-run Nuclear Power Corporation of India plans to build the 10 000 MW plant using European pressurized reactors (EPR), from France, Germany and Finland, according to a report in the Financial Express newspaper.
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 1650 MW of electricity, will cost 500bn rupees ($11.4bn), the report said quoting S.K. Jain, chairman of the Indian company. The investment amount will be raised through a combination of equity and debt, including loans from multilateral development agencies, the report quoted Jain as saying.
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