Even after the establishment of APSARA, CIRUS, Phoenix and the indigenously produced zero-energy critical reactor ZERLINA, India hadn't actually produced nuclear energy. To remedy this, in 1962, General Electric was commissioned to build two light water-moderated nuclear reactors in Tarapur. Because the Tarapur Atomic Power Stations (TAPS) were fueled by enriched uranium, they didn't fit into Bhabha's three-stage plan. The US' terms for the Tarapur deal, an $80 million loan at 0.75% interest, were highly favourable to India. Bhabha also managed to negotiate the limitation of International Atomic Energy Agency safeguards to the TAPS facility. M. R. Srinivasan, former chairman of the AEC, remarked that Bhabha's success in the Tarapur negotiation would have been a proud achievement for an experienced professional diplomat.