Ivan Andriyevksy, managing partner of 2k Audit-Business Consultations

– Russia has closely cooperated with India in the nuclear sphere for a long time

On February 11, 2009 in Mumbai (India) JSC «TVEL» and the Department of Atomic Energy, the Government of India, signed long-term contracts for fuel pellet’s supply to India’s nuclear power reactors . The total cost of contracts is more than $700 million.

Russia has closely cooperated with India in the nuclear sphere for a long time. We have been partners for quite a long period. The restrictions of the Nuclear Suppliers’ Group were lifted quite recently. The Indians have not yet established relations with other suppliers of nuclear technologies but they will certainly negotiate with all of them. So, we can expect growing competition on the Indian market, first of all, with the United States.

Our starting position is quite good: we are already building Kudankulam NPP. However, we must not relax: India is planning to build 28 nuclear reactors by 2020 and the fight for this market will be really uncompromising.