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Modi in Russia, officials work overtime to finalise nuclear deal

Modi in Russia, officials work overtime to finalise nuclear deal

TIL Desk/National/New Delhi/ Prime Minister Narendra Modi arrived at St Petersburg on Wednesday night for an annual summit with President Vladimir Putin during which the two sides will sign a host of agreements, with all eyes on a deal to build with Russia’s help the last two units of India’s largest nuclear power plant.

On his arrival, Modi tweeted, ‘Reached the historic city of St Petersburg. Looking forward to a fruitful visit aimed at cementing India-Russia relations.’

With hours to go before the summit, Indian officials said that last-minute talks are taking place to iron out details and language of the agreement on a line of credit for building Unit 5 and 6 of the Kundankulam nuclear power plant in Tamil Nadu.

“The agreement remains work in progress,” the source said. The reactors are being built by India’s Nuclear Power Corporation of India Ltd (NPCIL) and Russia’s Atomstroyexport company, a subsidiary of Rosatom, the regulatory body of the Russian nuclear complex.

The two sides are expected to ink 12 agreements in wide-ranging sectors, including in science and technology, railways, cultural exchanges and other business areas between private parties also, in addition to a ‘vision statement’ that the two leaders will release.

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