Since 2010, the EDF Group has been working for civil nuclear cooperation between France and India under bilateral agreements between France and India. Jaitapur is the flagship project of this collaboration. It is based directly on the Indian government`s energy targets set at the 2015 Paris conference, which aim to promote the growing share of renewable and nuclear energy in the country. In 2016, EDF, as head of the takeover of the French nuclear power plant, opened exclusive negotiations with NPCIL and in the same year presented its first technical-commercial proposal for the development and construction of six EREs. Jaitapur is located in the state of Maharashtra and will be the largest nuclear power plant in the world. EPR reactors with a generating capacity of 1600 MW per unit are particularly suited to a rapidly growing country equipped with a mature electricity system as in India. In December 2008, AREVA signed an agreement with DAE in India to supply 300 tonnes of uranium to NPCIL. The contract will be concluded in 2009. In March 2018, EDF and Nuclear Power Corporation of India (NPCIL) signed an industrial way forward agreement in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron. Last month, after a meeting with French Foreign Minister Jean-Yves Le Drian, Foreign Minister Sushma Swaraj announced that “both countries are working to launch the Jaitapur project as soon as possible.” The urgency is inexplicable, as the techno-commercial offer has been examined and previous cost and safety issues remain unanswered.
Given the overcapacity of India`s energy sector and the crisis of troubled assets (NPA), a significant investment in the Jaitapur project is particularly risky. “This long-term agreement with GE, underpinned by a synergy between the combined capabilities and the convergence of our long-term strategies in India, is another promising element that supports the future of this project, which is essential for the future of the Indian energy mix and for EDF,” he said. India and France have made “satisfactory progress” in an agreement on the development of six reactors at a 10,000 MW nuclear power plant project in Maharashtra, the Atomic Energy Ministry (AED) said on Thursday. The completion of Jaitapur would be an even greater success. As expected, it will be the world`s largest nuclear power plant. According to EDF, the project would be a huge boost for both EPR technology and Franco-Indian civil nuclear initiatives, which have gained ground since 2010, when France and India signed bilateral agreements. For India, which has 22 operational nuclear reactors – a total of 6,219 MW – the project would significantly increase its base capacity. The country is currently building six reactors with a total value of 4,350 MW, including a prototype fast-incubation reactor and a Russian VVER in Kudankulam. Over the next few years, the country plans to host an additional 19 units, of which at least 10 will be integrated into the UR facilities. On 6 December 2010, in the presence of French President Nicolas Sarkozy and Indian Prime Minister Manmohan Singh, an agreement was signed for the construction of a first set of third-generation reactors and the supply of nuclear fuel for 25 years.
French state-owned Areva S.A. and Indian national nuclear operator NPCIL signed the agreement for approximately $9.3 billion. It is a general framework agreement signed at the same time as the agreement on the protection of the confidentiality of technical data and information relating to NPCIL in the peaceful uses of nuclear energy.