India-U.S. Meet Soon To Complete Remaining Steps On N-deal

By siliconindia | Thursday, 05 February 2015, 11:42 Hrs

"There's a few steps that still need to be put in place; for example, there will be a conference in the relative near term on how to build the insurance pool elements that will go into actually making this a reality," Reiner said. "But it's a massive breakthrough that's held us up for years, that's prevented us from being able to take those next steps," he said.

"At a policy level, we've been able to push at the leader level to get past that. That is tangible progress. " According to reports, the state-backed insurance pool would cover operator liabilities of up to 15 billion.

India has allotted project sites for two 1000 mw nuclear reactors each by US companies Westinghouse and GE-Hitachi in Gujarat and Andhra Pradesh respectively. But no work has started on either due to the nuclear logjam.

Source: IANS