Units 5, 6 at Kudankulam N-power plant to cost Rs 50,000 crore
June 02, 2017  20:48
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The fifth and the sixth units of India's largest nuclear power plant in Tamil Nadu will cost about Rs 50,000 crore to build with half of it being funded by Russia as loan.
The project will take seven years to start generating electricity, Nuclear Power Corporation of India Chairman and Managing Director S K Sharma told PTI.
India and Russia yesterday signed an agreement for the two new reactors for the Kudankulam Nuclear Power Plant on the sidelines of the annual summit between Prime Minister Narendra Modi and Russian President Vladimir Putin.
"The entire project will cost about Rs 50,000 crore. The first unit will be commissioned in 66 months and the second six months thereafter," Sharma said.
Atomstroyexport, a unit of Russian state nuclear corporation Rosatom, will build the reactors.
"The project will be funded in 70:30 debt-equity ratio (70 per cent debt, 30 per cent equity)," he said.
The Russian government will lend India USD 4.2 billion to help cover the construction cost.
Sharma said the equity portion of project will either come from NPCIL's own resources or from government.
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