Russia, India to sign strategic, 15-year nuclear energy cooperation agreement

Russia and India plan to sign a strategic document on nuclear energy cooperation, Russian presidential aide Yury Ushakov said in the runup to President Vladimir Putin's visit to New Delhi.

Russia and India plan to sign a strategic document on nuclear energy cooperation, Russian presidential aide Yury Ushakov said in the runup to President Vladimir Putin's visit to New Delhi.

"This is an extremely important documents: a strategic vision for strengthening cooperation in the peaceful use of nuclear energy between Russia and India. This is a comprehensive document covering every element of the nuclear cycle. It will set down the outlook, for close cooperation in this field for the next 15 years," he said.

Nuclear energy is an important aspect of strategic cooperation between the two countries, Ushakov said.

"Connection of the first block of the Kudankulam station to the grid and attainment of peak output was a milestone," he said. "Recently, it is true, there was an incident - overheating and damage to turbine elements - but this situation has already been overcome. Thanks to the joint efforts of Russian and Indian specialists, the block has once again been connected to the grid. The station's second block will be commissioned soon, somewhere in the summer of 2015," he said.

The most advanced, safest technological solutions in nuclear energy were applied in building the station. It fully meets post-Fukushima safety requirements," Ushakov said.

In April, a general framework agreement on construction of the third and fourth blocks of Kudankulam was signed. "That is, we have a quite good outlook for continuing cooperation in this area," he said.

In addition, the program for expanding bilateral cooperation in oil and gas will also be examined. The possibility of Indian ONGC acquiring a stake in Rosneft's Yurubcheno-Tokhomskoye field will also be discussed, he said.

"Naturally, a lot of attention will be paid to the discussion of cooperation in trade and economic relations, since both countries are concerned by the downward trend in trade," he said. Trade declined 10 percent to $10 billion in 2013. This year, given a number of global macroeconomic processes, trade has contracted another 7 percent compared with the same period last year.

The Indian side, meanwhile, has constantly shown great interest in Eurasian integration processes and establishment of relations along the Customs Union-India line. "An agreement has even been reached on formation of a joint group to study and possibly conclude a free trade agreement between the Customs Union and India," he said.

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies