U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday welcomed the start of preparatory work for six nuclear reactors in India, a key step in closing the first deal stemming from a US-India civil nuclear accord struck more than a decade ago.
A joint U.S.-India statement said India and the U.S. Export-Import Bank were working to complete a financing package for the project, and that the Nuclear Power Corporation of India and Toshiba's Westinghouse Electric had confirmed engineering and site design work would begin immediately.
It said the companies would work toward finalizing the contract by June 2017. That is a year later than Westinghouse Chief Executive Daniel Roderick said he hoped for in an interview with Reuters in late March.
Asked about the delay, a Westinghouse spokeswoman, Courtney Boone, said: "the negotiations continue."