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India’s Chambers of Commerce call for Nuclear Suppliers to be liable for accidents and delays

The Chamber is also of the view that that there should be a provision in the Bill which allows and entitles victims for higher compensation from Higher Courts. It also proposes that the Government may consider provision for cost over runs due to regulatory delays.

ASSOCHAM seeks clause in civil nuclear liability for precaution against tragedy India Infoline News Service, Jun 17, 2010 Nuclear Supplier may include anybody and everybody who supplies equipments, instruments, spare parts, contractual labor accounting for 5% or above of the total project cost.The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has proposed that all nuclear supplier(s) as well operators subjected to a clause as per which compensation is ensured in an equitable manner in case of any eventuality/causality due to willful action or gross negligence.The suggested clause should find a prominent place in the nuclear civil liberty bill which is currently being examined and scrutinized by concerned aparliamentary standing committee………
The Chamber is also of the view that that there should be a provision in the Bill which allows and entitles victims for higher compensation from Higher Courts. It also proposes that the Government may consider provision for cost over runs due to regulatory delays……….
Nuclear Supplier may include anybody and everybody who supplies equipments, instruments, spare parts, contractual labor accounting for 5% or above of the total project cost……….Nuclear energy also brings with itself, huge amount of risks and therefore investors are unwilling to accept unquantified risks of nuclear energy with some limitation on their liability

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June 18, 2010 - Posted by | India, Legal | , , , , , , , ,

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