$20-billion nuclear plant deal with bankrupt Westinghouse to be reworked

NEW DELHI: India’s $20-billion civil nuclear plant deal with bankrupt Westinghouse is being reworked. This will result in the American company branching out into a design and consultation role, while handing out the construction of the facilities to a local partner. Sources said that the deal, which will see the installation of six nuclear reactors in Andhra Pradesh, is being “taken back to the drawing board” after Westinghouse — a US unit of Japan’s Toshiba — went bankrupt earlier this year. “A new business model is being worked out and things are being renegotiated,” the sources said.

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