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Washington, New Delhi agree Toshiba U.S. subsidiary will build nuclear plants

Kyodo

The United States and India agreed Tuesday on a plan for a U.S. subsidiary of Toshiba Corp. to build six nuclear power plants in India under a bilateral nuclear pact.

The agreement, reached by U.S. President Barack Obama and Indian Prime Minister Narendra Modi in Washington, was the first contract under a bilateral civil nuclear pact that took effect in 2008.

The agreement involving Westinghouse Electric Co., Toshiba’s U.S. nuclear power unit, demonstrated “a shared commitment to meet India’s growing energy needs while reducing reliance on fossil fuels,” said a joint statement issued after the meeting of the two leaders.

The two countries will work toward finalizing the contractual arrangements by June 2017, it said.

Obama supported India’s bid to join the Nuclear Suppliers Group, which supervises international trade in nuclear technology and related materials, according to the statement.

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