India has approved the construction of a 9,900MW Jaitapur nuclear power project in the Ratnagiri district of Maharashtra, to resolve the power crisis prevailing in the state.

the Nuclear Power Corporation of India will negotiate with the French firm Areva for the construction of a project capable of meeting the state’s power requirement for next 25 years.

The proposed new plant is estimated to cost around $130bn.

The plant is expected to generate power from 2016 onwards, with the first phase to be completed within the next three to four years and the remaining phases by 2018.

The first phase will involve the construction of two of the six units with a capacity of 1,650MW to be built at the Madban village, while the second phase will involve four European pressurised reactors to be installed.

International Atomic Energy Agency (IAEA) will manage the waste fuel disposal for the plant.