AIRLINK 74.90 Increased By ▲ 0.61 (0.82%)
BOP 4.94 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.37 No Change ▼ 0.00 (0%)
DFML 39.11 Increased By ▲ 0.31 (0.8%)
DGKC 85.75 Increased By ▲ 0.93 (1.1%)
FCCL 21.35 Increased By ▲ 0.14 (0.66%)
FFBL 34.00 Decreased By ▼ -0.12 (-0.35%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.48 Increased By ▲ 0.06 (0.58%)
HBL 113.65 Increased By ▲ 0.65 (0.58%)
HUBC 137.17 Increased By ▲ 0.97 (0.71%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.75 Increased By ▲ 0.04 (0.85%)
KOSM 4.47 Increased By ▲ 0.03 (0.68%)
MLCF 37.90 Increased By ▲ 0.25 (0.66%)
OGDC 138.70 Increased By ▲ 2.50 (1.84%)
PAEL 25.27 Increased By ▲ 0.17 (0.68%)
PIAA 20.55 Increased By ▲ 1.31 (6.81%)
PIBTL 6.67 Decreased By ▼ -0.04 (-0.6%)
PPL 122.65 Increased By ▲ 0.55 (0.45%)
PRL 26.85 Increased By ▲ 0.20 (0.75%)
PTC 13.97 Increased By ▲ 0.04 (0.29%)
SEARL 58.02 Increased By ▲ 0.80 (1.4%)
SNGP 67.25 Decreased By ▼ -0.35 (-0.52%)
SSGC 10.31 Increased By ▲ 0.06 (0.59%)
TELE 8.42 Increased By ▲ 0.02 (0.24%)
TPLP 11.20 Increased By ▲ 0.07 (0.63%)
TRG 63.35 Increased By ▲ 0.54 (0.86%)
UNITY 26.56 Increased By ▲ 0.06 (0.23%)
WTL 1.48 Increased By ▲ 0.13 (9.63%)
BR100 7,841 Increased By 31.1 (0.4%)
BR30 25,342 Increased By 191.5 (0.76%)
KSE100 75,171 Increased By 214.1 (0.29%)
KSE30 24,164 Increased By 80.9 (0.34%)

The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six US nuclear power plants in India, the two countries said in a joint statement. The agreement came after two days of talks in Washington. The United States under President Donald Trump has been looking to sell more energy products to India, the world's third-biggest buyer of oil.
The talks involved Indian Foreign Secretary Vijay Gokhale and Andrea Thompson, the US undersecretary of state for arms control and international security. "They committed to strengthen bilateral security and civil nuclear cooperation, including the establishment of six US nuclear power plants in India," the joint statement said.
It gave no further details of the nuclear plant project. The two countries have been discussing the supply of US nuclear reactors to energy-hungry India for more than a decade, but a longstanding obstacle has been the need to bring Indian liability rules in-line with international norms, which require the costs of any accident to be channeled to the operator rather than the maker of a nuclear power station.
Pittsburgh-based Westing-house has been negotiating to build reactors in India for years, but progress has been slow, partly because of India's nuclear liability legislation, and the project was thrown into doubt when Westinghouse filed for bankruptcy in 2017 after cost overruns on US reactors.Canada's Brookfield Asset Management bought Westinghouse from Toshiba in August 2018.

Copyright Reuters, 2019

Comments

Comments are closed.