US, India sign agreement on changes of nuclear deal
Upon entry into force, the arrangements and procedures will enable reprocessing by India of the US obligated nuclear material at a new national reprocessing facility to be established by India, dedicated to the reprocessing of safeguarded nuclear material under International Atomic Energy Agency safeguards.
The agreement in this regard was signed Friday by the US Under Secretary of State for Political Affairs William Burns and Indian Ambassador to the US Meera Shankar, at the Foggy Bottom headquarters of the State Department.
"This arrangement, negotiated and concluded under President Obama, reflects the Administration's strong commitment to building successfully on the landmark US-India Civil Nuclear Cooperation Initiative and is a prerequisite for US nuclear fuel suppliers to conduct business with India," the State Department said in a statement.
It enables reprocessing by India of US-obligated nuclear material under IAEA safeguards and will facilitate participation by US firms in India's rapidly expanding civil nuclear energy sector.
"With this we have taken another significant step forward in the implementation of our bilateral agreement for cooperation in peaceful uses of nuclear energy," Shankar said in her remarks on the occasion.
The historic bilateral cooperation agreement for peaceful uses of nuclear energy, the 123 Agreement, that the two countries signed two years back provided for reprocessing of US obligated nuclear material in an Indian national facility under IAEA safeguards.
Shankar said India has an ambitious programme for development of civil nuclear energy to meet its growing energy needs.
The target is to increase our installed capacity more than seven fold to 35000 MW by the year 2022, and to 60,000 MW by 2032.
India has already designated two sites for nuclear power plants to be established in cooperation with the US and the companies of the two countries are now engaged in discussions.
































































