Russia is an important partner in peaceful uses of nuclear energy and it recognizes India as a country with advanced nuclear technology with an impeccable non-proliferation record. Construction of the Kudankulam Nuclear Power Plant (KKNPP) Units 1 & 2 (VVER 1000 MW units) is an example of fruitful cooperation between India and Russia. KKNPP Unit 1 has become operational in July 2013, while its Unit 2 is at an advanced stage of construction.

India and Russia also have ongoing cooperation in the field of hydrocarbons and power. ONGC Videsh Limited has substantive investments of over US$ 5 billion in two major oil and gas projects – Sakhlin-1 and Imperial Energy Limited (Tomsk). Russian companies are engaged in several power plant and oil and gas projects in India.