Around the World: Russia/India

$700m nuclear fuel deals

Russia signed more than $700 million in deals yesterday to supply India's nuclear reactors with fuel pellets, Russia's state-owned nuclear company said in a statement.

Major nuclear powers - including Russia, European states and the United Sates - are scrambling to sell nuclear services to India, which is trying to build new generation capacity to cope with a projected increase in demand for energy. Atomenergoprom said its nuclear fuel unit, TVEL, and Indian nuclear officials signed the deals in Mumbai yesterday.