Indian firm in bid for N-plant

Published July 6, 2006

WASHINGTON, July 5: After initial endorsement of the Indo-US nuclear deal by two key congressional committees, an Indian company is now seeking bids for setting up a 2,400 MW nuclear power plant in India.

The advertisement by Vedanta Resources Plc seeks expressions of interest from global firms and says that it plans to award the contract on a build, operate and maintain basis.

A London-based metals and mining group, Vedanta is headed by Anil Agarwal, and on June 1,2006 it showed a turnover of 2,129.92 million pounds and a pre-tax profit of 537.8 million pounds.

The nuclear agreement that President George Bush signed during his visit to New Delhi in March enables India to acquire civil nuclear reactors from the US, lifting a ban placed after the first Indian nuclear test of 1974.

The agreement also allows India to buy nuclear technology from other members of the 45-state nuclear suppliers group.

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