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December 6, 2010

Nuclear contract for 2 N-Reactors is likely between Indian and France.

image Spark Network found that France and India are likely to sign a framework contract during President Nicolas Sarkozy's visit to India for the sale of at least two French atomic reactors but a final deal could take another six months.

The deal is for French nuclear group Areva to supply two reactors estimated at around 7 billion euros ($9.4 billion).

Areva has signed a Memorandum of Understanding (MoU) with the Nuclear Power Corp of India (NPCIL) for the sale and India has given the green light for construction.

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