VIDEO: Modi, Obama make deal to build six nuclear reactors in India

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Westinghouse Electric Co., a unit of Toshiba, will work with the Nuclear Power Corp. of India to engineer and design six nuclear power plants in India, according to reports.

This agreement was negotiated during a meeting between President Barack Obama and Indian Prime Minister Narenda Modi at the White House.

This is the first agreement of its type since a nuclear power deal was struck between the two nations in 2008, however the final contract will not be completed until next year.

White House officials see this project as a way to strengthen ties with India and counterbalance China, which also exports its nuclear energy technology to other nations, and has build nuclear reactors in India.

Westinghouse will be supplying its AP1000 reactor technology, while India and the U.S. Import-Export Bank will provide financing, according to the White House.

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