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India’s nuclear plants will be very slow in coming

India-defers-npower-target-by.15 years to 2035

Natalie Obiko Pearson / Bloomberg 10 Dec 09

Mumbai: India has deferred by 15 years its target to build 40,000MW of nuclear power capacity amid policy delays, an official at a state-owned utility said.The country may reach the target by 2035, not 2020, said Shreyans Kumar Jain, chairman of Nuclear Power Corp. of India Ltd. The government monopoly generates 4,120MW.The delay will curb at least $14 billion (Rs65,380 crore) of orders for equipment from suppliers including Russia’s Rosatom Corp., Areva SA, Westinghouse Electric Co. and GE Hitachi Nuclear Energy, and hamper India’s plans to raise nuclear generation almost 10 times to end blackouts.
Projects have been held up by difficulties in acquiring land and mining permits, Jain said.

Delays in legislation that would limit US companies’ liability in reaching a nuclear fuel-reprocessing agreement have also kept a US-India civil nuclear pact signed last year from being implemented.

India defers n-power target by 15 years to 2035 – Economy and Politics – livemint.com

December 11, 2009 - Posted by | India, spinbuster | , , ,

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